Mt. Kisco, NY Eric Goldschmidt, senior partner at Goldschmidt & Associates, and Peter Giner of Giner Realty have co-brokered the following transactions:
• 139-141 East Main St.: The two apartment buildings containing seven apartments and three retail stores sold for $1.75 million. Nino Gjeloshaj of Douglas Elliman Real Estate acted for the buyer.
• 175 Main St.: The two story 11,000 s/f retail and office building sold for $1.9 million. The major tenants include Bilotta Kitchens and Arthur Murray Dance Studio.
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,