News: Brokerage

Halstead Management chosen to manage Park Avenue Court

According to Paul Gottsegen, president of Halstead Management Company, LLC, the firm represents Park Ave. Court located at 120 East 87th St. on the Upper East Side. The board chose the Halstead Management team for their unrivaled level of experience and tailored management approach which allows them to create specific strategies that address each building's unique requirements. "We are pleased to expand our client roster with another prominent Manhattan condominium as Park Avenue Court," said Gottsegen. "We are proud of our reputation for being a proactive manager and a true partner, working non-stop to find smart solutions for building issues. We know this property will benefit greatly from our deep bench of experience and our overwhelming commitment to the communities we serve." Touted as one of the most prestigious and sought after condominium buildings on the Upper East Side, Park Ave. Court is a 17-story building with 223 homes. The property is noted for its array of unique floor plans, beautiful and spacious layouts, and soaring ceiling heights. New Yorkers residing in the building enjoy access to top-tier amenities such as a 24-hour doorman, full-service gym, yoga/Pilates studio, large swimming pool and on-site parking. While the company's roster continues to expand, all of Halstead Management's properties receive the hands-on, attentive level of service for which they are renowned. Park Ave. Court is in good company, joining Halstead Management's already prominent portfolio, and benefitting from the firm's deep resources and senior group of professionals. Halstead Management carefully assigns each property a balanced team of dedicated executives and support staff.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.
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