News:
Brokerage
Posted: March 1, 2016
Hakimian and Scharf of HPNY assist in $71 million off-market sale
771 Washington Street - Manhattan, NYManhattan, NY According to public records, a two-story retail building in the Meatpacking District has been sold in an off market transaction for $71 million.
771 Washington St., located at the corner of Washington and W. 12th St. is 20,000 s/f with an additional 20,000 s/f of development potential. Occupied by restaurant Barbuto, the property consists of over 100 ft. of frontage on Washington St. and 90 ft. of frontage on W. 12th St.
According to records, the seller of the property listed is Washington LLC and the purchasing entity was 771 Washington Street LLC.
Ivan Hakimian, HPNYIvan Hakimian and Eli Scharf of HPNY were involved in the off market sale.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
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
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
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,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
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,
