News:
Brokerage
Posted: December 15, 2020
Hajibay of Heritage Affordable acquires new construction building in the Bronx for $5 million
Bronx, NY Alex Hajibay, principal of Heritage Affordable Communities, has acquired a 47-unit affordable housing property. Hajibay purchased the 47-unit new construction affordable housing building at 425 Claremont Parkway for $5 million.
The property was encumbered by long-term regulatory agreements with rents restricted at 50-60% AMI.
Exclusive agents Victor Sozio, EVP; Daniel Mahfar, director; Jason Gold, director; and Oliver Elihu, associate, all of Ariel Property Advisors, represented the seller.
Back in August Alex Hajibay refinanced a 218-unit portfolio in Inwood and Queens for $49 million. According to a source close to Heritage the firm is in contract to purchase over 2,000 affordable units, which is expected to close in the upcoming year.
Tags:
Brokerage
MORE FROM Brokerage
Silverstein Properties bringing Heisman Trophy to 120 Broadway
Manhattan, NY The Heisman Trophy is coming to 120 Broadway. Silverstein Properties negotiated a new office lease with Heisman, keeper of the fabled trophy. The charitable organization
Quick Hits
 (2).gif)
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
.gif)