News: Brokerage

Hakimian of Highcap sells 762 East 152nd Street

Daniel Hakimian, <a class=Highcap Group" width="150" height="150" /> Daniel Hakimian, Highcap Group
Bronx, NY Daniel Hakimian, investment sales associate of Manhattan-based Investment sales firm Highcap Group, has arranged the $550,000 sale of the parcel of land located at 762 East 152nd St. in the Woodstock section of the borough. Hakimian represented both the buyer and seller of this property in the off-market transaction. The property is just one block away from the 2, and 5 subway lines at Jackson Ave. and is currently a 40’ vacant lot ready for development.  The site has the ability to be developed into a 21,160 s/f building with a mix of retail, community facility, and residential apartments. The property sold for $38/BSF on an as of right buildable s/f basis.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

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