Mt. Kisco, NY According to Eric Goldschmidt, senior partner at Goldschmidt & Associates, the firm has closed on the following:
• The firm co-brokered a 1,180 s/f retail lease at 41 South Moger Ave. to Beer Noggin. Beer Noggin was represented by Howard Greenberg of Howard Properties.
• The firm co-brokered a 2,337 s/f lease at the Kohl’s Shopping Center in Yonkers. The tenant, a nail salon, was represented by Julian Aronin of Aries, Deitch & Endelson. Pam Bren Goldschmidt and Adam Bren of Goldschmidt represented the landlord.
• Goldschmidt brokered the sale of 210 North Ave. in New Rochelle. Pam Bren Goldschmidt and Adam Bren were the sole brokers. The 5,000 s/f building (plus parking lot) was owned by Palladium Management, who sold to Sansome Pacific Properties Inc.
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,