News:
Brokerage
Posted: March 10, 2008
Ezrattys and Castelli of Eastern close two-building sale: $16.5 million
In a transaction that enables the new owner to convert spacious loft apartments to condominiums, Eastern Consolidated negotiated the $16.5 million sale of 21-23 Peck Slip and 257-261 Water St. in downtown's Financial District to an Italian real estate company.
Eastern's Brian Ezratty vice chairman and Martin Ezratty, director, represented the seller, Peck Slip Associates, while Charles Castelli acted on behalf of the purchaser. Rents in the building range from $2,000 to $5,000 per month.Currently the property's lofts consist of 7 studios, 10 one-bedrooms, 3 two-bedrooms.
Attorneys in the transaction were Alan Rothschild, Esq., Rothschild & Pearl, LLP for the seller, and Peter Marullo, Esq., Borvina & Marullo PLLC for the seller.
Tags:
Brokerage
MORE FROM Brokerage
Cleeman Realty Grp. closes 453,350 s/f Wegmans portfolio in Upstate NY
Hornell, NY A Wegmans Portfolio, a 453,350 s/f grocery-anchored retail portfolio comprising Hornell Plaza in Hornell, and Genesee Valley Shopping Center in in Geneseo.
Quick Hits
Columns and Thought Leadership
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.
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
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
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
.gif)