News:
Brokerage
Posted: May 16, 2023
GFI Realty completes $4.15 million sale of 29-unit multifamily building
Bronx, NY GFI Realty Services, LLC announced the $4.150 million sale of 1342 St. Lawrence Ave., a multifamily building comprised of 29 units and an antenna, located in Soundview. GFI Realty Director Zachary Fuchs, on an exclusive basis, represented the seller Sam Zherka, and the buyer, Marc Resnick.
Constructed in 1928, the five-story building totals approximately 20,620 s/f and is composed of 23 one-bedroom apartments and 6 two-bedroom apartments.
“This property had been under the previous ownership for 30 years” said Fuchs. “The buyer immediately recognized the value of this kind of asset and intends to keep the property for the long term and invest in capital improvements.”
The building is located in proximity to the Cross Bronx Expwy, the Webster Ave. commercial corridor, and the 6 subway line.
Tags:
Brokerage
MORE FROM Brokerage
TF Cornerstone inks Hanover Park lease and PMG Worldwide expansion at 387 Park Ave. South
Manhattan, NY New York City real estate development firm TF Cornerstone (TFC) has completed 100,000 s/f of leasing activity over the past year at 387 Park Ave. South, highlighted by a new lease with Hanover Park and the expansion and extension of PMG Worldwide totaling more than 58,000 s/f.
Quick Hits
 (2).gif)
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
.gif)
September Promotion
