News:
Brokerage
Posted: June 18, 2019
Goldschmidt & Associates co-brokers $4.778 million sale with Bailey of Stan Johnson Co.
Newburgh, NY According to Eric Goldschmidt, senior partner of Goldschmidt & Associates, they have co-brokered a $4.778 million sale with David Bailey of Stan Johnson Co. The subject is 203 S. Plank Rd., which is leased to CVS.
Goldschmidt & Associates
Goldschmidt was retained by an area investor to seek properties for a needed 1031 exchange. Goldschmidt was able to facilitate the purchase of this Orange County asset. Built in 2018, the 13,600 s/f CVS sits on 2.38 acres at an intersection near I-84 and I-87.
Goldschmidt was sole broker in the expansion and lease extension of New York Orthopedics, a medical practice in Westchester and Long Island. New York Orthopedics is expanding from 6,705 s/f to 15,128 s/f at Two Overhill Rd. The 62,000 s/f office building is close to the Scarsdale Train Station and across from the Bee Line Bus. It features a 200-space valet parking garage, two ADA elevators, and building upgrades. The building is 95% leased.
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE completes $211m acquisition of 260 Madison Ave.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
.jpg)
Quick Hits
Columns and Thought Leadership
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
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
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,
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.
.gif)