News: Brokerage

Highcap lists two new exclusives in Harlem and Bushwick

Jeff Weiss, an investment sales associate with Highcap Group, has revealed two new exclusives, one located in Harlem and the other, located in the South Bushwick section of the borough. The Harlem property, 1884 Park Ave., between East 128th and East 129th Sts., is a newly renovated, four-story walkup, including 4,000 gross s/f with three, free market units, (each having two bedrooms and two bathrooms), and one retail space on the ground floor. Weiss said, “This building, with its upscale renovations, and close proximity to the 125th St. retail corridor, offers a compelling value to an investor seeking long term capital appreciation.” The other property is located at 1639 Broadway, between Eldert St. and Covert St., also, a four-story walkup with 7,000 gross s/f and contains six rent stabilized units, all with large 1-bedrooms, and one retail space. The Property is just a few blocks from the J and Z subway lines. “A well maintained building and improving neighborhood, this is sure to appreciate over time," said Weiss.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

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,