News: Brokerage

Gallishaw of Highcap Group appointed exclusive agent of interest in 217-219-221 Madison Street

Ty Gallishaw, Highcap Group

NEW YORK, NY Ty Gallishaw of Highcap Group has been appointed as the exclusive agent to sell the 100% fee interest in 217-219-221 Madison St.  The property is a three building package with 60 apartments and 5 stores, located in the Two Bridges section of the Lower East Side.  The buildings consist of approximately 31,000 s/f with 78’ of frontage and a mix of  two and three bedroom apartments. This is the first sale in over 20 years and is a great opportunity for an investor to acquire a unique asset in one of the busiest neighborhoods of downtown Manhattan with below market rents and considerable upside. 

Gallishaw said, "The property is ideally  located just one block from the F train and is near One Manhattan Square, an 800’ tall  modern glass condominium tower on the waterfront."

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.