Highcap Group
News:
Brokerage
Posted: May 16, 2017
Hakimian of Highcap Group is sole broker in $1.3 million Bronx sale
Highcap Group
Bronx, NY Daniel Hakimian, investment sales associate at Highcap Group, has closed the sale of the building located at 240 East Tremont Ave. in the Mount Hope section of the borough for $1.3 million. Hakimian represented the buyer and seller in an off-market transaction.
The subject property is a four-story mixed-use building totaling 12,160 s/f. The building is comprised of six apartments and one commercial space. The building has 38 ft. of frontage on East Tremont Ave. and is located one block from the B and D trains at Tremont Ave.
The sale price equates to $185,714 per unit, with a rent roll multiple of 10.5X and a capitalization rate of 5.6%.
Tags:
Brokerage
MORE FROM Brokerage
Dong Bei Restaurant & Bar signs 2,000 s/f lease at New Hyde Park Place
New Hyde Park, NY Dong Bei Restaurant & Bar, which serves Northeastern Chinese cuisine inspired by Harbin, China, signed a lease for a 2,000 s/f space at New Hyde Park Place,
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)