News:
Spotlight Content
Posted: November 15, 2016
Ibrahim of Entrepreneur Properties arranges $15.075 million sale
7833-47 Springfield Blvd. & 22415-25 Union Turnpike - Queens, NYQueens, NY Entrepreneur Properties has arranged the off market sale of 7833-47 Springfield Blvd. & 22415-25 Union Tpke. located in the Hollis Hills neighborhood. The building is a single story, 28,575 s/f shopping center containing 22 stores, one office space and 18 private parking spaces.
Mo Ibrahim, Entrepreneur PropertiesThe center benefits from frontage exposure on both Union Tpke. and Springfield Blvd. and is accessible via the Q46 and Q27 bus lines located in front of the property.
The shopping center traded for $15.075 million. Entrepreneur Properties senior associate Mo Ibrahim represented both the buyer and seller in this off-market transaction.
Tags:
Spotlight Content
MORE FROM Spotlight Content
Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
.png)
.gif)
.jpg)
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
.gif)