
Buffalo, NY Hakimi Capital Group acquired a retail/office strip center at 1455-1461 Kensington Ave. for $1.9 million.
The property consists of 43,570 s/f at 75% occupancy. S&V Associates LLC was the seller.
Hakimi Capital Group is a privately owned real estate investment and management firm based in Long Island, New York. We seek to acquire income-producing commercial properties with value-add opportunities throughout the United States. We currently own and manage over 25 properties comprised of multi-tenant retail shopping centers, office buildings (medical and professional), single-tenant NNN properties, and mixed-use buildings.
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,