News: Brokerage

Anton, Solarz and Schechtman of Eastern Cons. complete $4.3m sale

A 41,924 s/f 202-car garage, in the newly-developed Arris Lofts condos complex in Long Island City has traded for $4.3 million. Eastern Consolidated's executive managing directors, Eric Anton and Ronald Solarz, along with senior director David Schechtman represented the buyer and seller for the garage condo at 27-28 Thomson Ave. "This offering represented a unique opportunity to acquire a garage and retail condo in a neighborhood on the verge of becoming N.Y.C.'s next major 24/7 neighborhood," said Anton. The retail unit features 433 ft. of frontage at street level on Thomson Ave. and Court Sq. Arris Lofts, formerly an electric parts factory, underwent a comprehensive conversion to luxury residential loft units, completed last year. Attorneys in the transaction were: Philip Brody ofTime Equities, for the buyer, and Christopher Babcock of Stroock and Stroock and Lavan LLC.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

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
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.
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional