Bronx, NY Richard Guarino, a partner at Friedman Roth Realty Services, has arranged the $1.225 million sale of 1280 Oak Point Blvd., a 5,000 s/f one-story commercial building in Hunts Point.
Guarino represented the buyer and seller.
F&F Supply purchased this neighboring property to expand their business! Gary Jacobs, CEO of F&F Supply, plans to build a 15,000 s/f building to accommodate the always growing and to expand its 77 year old, 4th generation family-run business. F&F Supply has its headquarters located next door at 1260 Oak Point Blvd.
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,