News: Brokerage

Houlihan and Coleman of Houlihan-Parnes broker $2.7m sale

Jerry Houlihan and James Coleman of Houlihan-Parnes Realtors, LLC brokered the $2.7 million sale of a five-story brick elevator building located at 54-60 Centre Ave., A/K/A 328-330 Huguenot Ave. & 41-43 Westchester Pl. The property contains 20 large apartments, 10 stores and one office with 200 ft. of retail frontage. The building is located at the corner of Centre Ave. and Huguenot Ave. in the Downtown Business Improvement District (BID) of New Rochelle. The property was sold at a foreclosure auction and the buyer is a Westchester-based holding company with several hundred apartments in the county. The property is situated a few blocks south of the newly developed "Avalon on the Sound" condominiums, Trump Plaza and New Roc City.
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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
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,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,