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.  
MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced