News:
Brokerage
Posted: November 22, 2022
Goldman and Holm of Brown Harris Stevens sell two hotels for $16.91 million to AIDS Healthcare Foundation
Manhattan, NY Two Manhattan hotels represented by Brown Harris Stevens commercial agents John Goldman and Paul Holm have sold to the global non-profit AIDS Healthcare Foundation.
Hotel Caribe at 515 West 145th St., owned by Crosstown Hotel Inc., and Hamilton Heights Casablanca Hotel at 511 West 145th St., owned by Hamilton Heights Enterprises, LLC each sold for $8.455 million, for a combined total of $ $16.91 million. Oxford Properties represented the AIDS Healthcare Foundation.
“We are very pleased that the sale of both hotels went smoothly, and that the AIDS Healthcare Foundation can now utilize these spaces to continue their important work,” said Goldman.
The hotels were on the market for approximately six months.
Tags:
Brokerage
MORE FROM Brokerage
Retreat at 490 Wheeler Rd. in Hauppauge
Hauppauge, NY Robert Raffa and Robert Monahan of Island Associates helped to negotiate a long-term lease for Retreat, a non-profit organization located at 490
Columns and Thought Leadership
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,
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
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
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
