News: Brokerage

Gold, Tortorici, Hirschfield and Agbaba of Ariel Property Advisors retained to sell Mott Haven industrial warehouse

Bronx, NY Ariel Property Advisors has been exclusively retained to sell 446 East 134th St., an industrial warehouse in the Mott Haven neighborhood. The asking price for the three-story industrial building is $4.95 million. Spanning 11,900 s/f with 41’ of frontage, the property is located on the south side of East 134th St. between the Willis Ave. Bridge and Brown Place in Mott Haven. The first and second floors are owner-occupied while the third floor is occupied by a construction company with a lease in place. The building can be delivered vacant.The property contains several unique features, including: 14’ high ceilings, open 3,900 s/f floor plates, and an operational freight elevator. A curb cut and driveway on the first floor makes the space an attractive option for owner-users who have parking needs. Exclusive agents Jason Gold, Michael Tortorici, Scot Hirschfield and Marko Agbaba are representing the seller, a private investor. “446 East 134th St. provides investors with a tremendous amount of upside, as the property can be converted for residential use as well as commercial loft use,” said Gold, vice president at Ariel Property Advisors. The property is located near the 6 Subway line and Willis Ave. Bridge.  
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.