News:
Owners Developers & Managers
Posted: April 16, 2024
Argo RE assumes management of 430,000 s/f commercial condo
Manhattan, NY Argo Real Estate’s property management division has been retained to manage 62 West 47th St., a commercial condominium in the Diamond District, between Fifth and Sixth Ave’s. The 430,000 s/f, circa 1926 Art Deco jewel has 16 floors and grade-level retail tenants that include Valley National Bank. The building’s central location is close to public transportation, shopping, and dining destinations.
“This impressive building has a rich history, and we look forward to working with the condo association and unit owners to maintain it at peak performance,” said Gustavo Rusconi CPM, vice president and director of management, Argo Real Estate. “Our team is a great fit because we bring decades of experience with institutional knowledge of local laws, building codes and city and state regulations, along with best-in-class services pertinent for well-run buildings.”
Supporting the property management division will be such in-house departments as project management, building operations, compliance, brokerage, transfers and closings, and technology.
MORE FROM Owners Developers & Managers
New York State Homes and Community Renewal finish $32 million affordable development
Union, NY New York State Homes and Community Renewal commissioner RuthAnne Visnauskas have completed the Homesteads on Grand, a $32 million, 72-unit mixed-use affordable and supportive development in Johnson City, Broome County.
Quick Hits
 (2).gif)
Columns and Thought Leadership
NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen
New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations
Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt
In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
New York City’s historic rent freeze now rests with the courts - by Ron Cohen
New York City’s first-ever two-year rent freeze is now in the hands of a state Supreme Court judge, and the decision could reset income for owners of roughly one million rent-stabilized apartments housing some 2.4 million residents.
Don’t leave severance damages behind - by Sebastian Jablonski
When the government takes a portion of a landowner’s property, most assume just compensation stops at the value of the land taken. However, in partial takings, that is only half of the equation.
September Promotion
