Hakimian, Esh and Fishbein of HPNY secure $30 million sale; Seller: entity controlled by American Real Estate Holdings
The HPNY team has orchestrated the closing of 121-133 Hudson St. for $30 million. Encompassing the whole block front between Beach St. and North Moore St., the retail condo is comprised of 14,000 s/f on grade with 20,000 s/f of basement levels. The retail is occupied by world renowned restaurant Mr. Chow, Citibank and Bright Horizons. The seller of the retail condominium was an entity controlled by American Real Estate Holdings.
Ivan Hakimian, Kevin Esh and Brad Fishbein of HPNY were involved in the off-market transaction.
Bronx, NY Investment Property Realty Group (IPRG) closed the sale of 216, 218, 220 East 179th St., a development site located in the Mount Hope section of the city, for $3.735 million.
Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking