News: Brokerage

Goldschmidt & Associates brokers, four sales totaling $6.2 million; Goldschmidt represents the seller in $3 million sale

Eric Goldschmidt of Goldschmidt & Associates has brokered the sale of four Westchester County properties totaling $6.2 million. The former 5,500 s/f Spiga Restaurant at 718 Central Park Avenue has sold for $3 million. The new occupant will be Ben's Restaurant & Kosher Deli. Occupancy is expected in early summer 2013. Robert Dalton of RMD Realty Associates represented Ben's. Goldschmidt represented the sellers. Garry Klein, associate broker at Goldschmidt & Associates brokered the sale of 168 Saw Mill River Road, Hawthorne. The 15,000 s/f building was purchased by an electrical contracting company for $1.6 million and is slated to undergo building-wide improvements. The buyer was represented by Douglas Servello of Houlihan Lawrence. Gene Pep'e Jr. represented Ganesh Real Estate Venture, LLC, purchaser of the office building at 475 Ashford Avenue, Ardsley. Harry Delany and Steve Rock of Marcus & Millichap represented the seller. 475 Ashford sold for $500,000. Goldschmidt also represented an affiliate of Castle Bay Management Services LLC, which purchased the 16,000 s/f mixed-use building at 15 River St., New Rochelle for $1.1 million. Representing the seller were Frank Rao and Michael Rao of NYC Realty of Harrison. The buyer will occupy part of the building and continue to lease space to the current occupants.
MORE FROM Brokerage

CBRE leases 9,527 s/f to Cypress Creek Renewables at 530 Fifth Ave.

Manhattan, NY In a transaction arranged by CBRE, Cypress Creek Renewables, a solar and energy storage developer and independent power producer, has inked a 9,527 s/f office lease at 530 Fifth Ave. The firm will occupy part of the 17th floor
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,