News:
Brokerage
Posted: April 16, 2019
Holloman of Lee NYC arranges $1.28 million sale of 1575 East Gun Hill Road, Bronx
Bronx, NY Alfonso Holloman, CCIM, senior managing director/principal of Lee & Associates NYC has arranged the sale of the property at 1575 East Gun Hill Rd., between Kingsland and Mickle Aves., in Baychester for $1.28 million to Inner Court Sanctuary Praise Palace. The 5,029 s/f property will serve as a place of worship for the congregation which is relocating from 1660 East Gun Hill Rd.
“Having been founded in the Bronx, Inner Court Sanctuary Praise Palace will benefit greatly from being able to remain in the neighborhood,” said Holloman, who represented both Inner Court Sanctuary Praise Palace as well as the seller, Jehovah’s Witnesses, Inc. “In addition, this property was sold by a faith-based owner to a faith-based user, making for a transaction about which both sides felt good.”
Tags:
Brokerage
MORE FROM Brokerage
Silverstein Properties bringing Heisman Trophy to 120 Broadway
Manhattan, NY The Heisman Trophy is coming to 120 Broadway. Silverstein Properties negotiated a new office lease with Heisman, keeper of the fabled trophy. The charitable organization
Quick Hits
 (2).gif)
Columns and Thought Leadership
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
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.
.gif)