News:
Brokerage
Posted: October 29, 2012
Itzhaki Properties brokers two sales totaling $3.76 million
Itzhaki Properties has completed two sales totaling $3.76 million.
The first deal was the $835,000 sale of 2514 Albermarle Rd., a 14,310 s/f vacant lot with 34,773 s/f of development rights. Located in the Prospect-Lefferts Gardens neighborhood, the lot is situated between Lott St. and Veronica Place. Shay Zach of Itzhaki represented the buyer and seller.
The second deal was the $2.925 million sale of 124 East 37th St., a landmarked, five-story, mixed-use residential building comprised of two duplex apartments and one duplex commercial space. Located in Murray Hill between Lexington and Park Aves., the building offered significant rental upside with vacate clauses for all existing tenants. Zach and Edan Cohen of Itzhaki represented the buyer and seller.
Tags:
Brokerage
MORE FROM Brokerage
Law Firm Nutter expands space to 11,438 s/f at 5 Grand Central East
Manhattan, NY According to the Durst Organization, full-service law firm Nutter is expanding their office at 5 Grand Central East to 11,438 s/f. Nutter will take the entire 25th floor, in addition to renewing the firm’s existing office space on the 27th floor of the building.
Quick Hits
Columns and Thought Leadership
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
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
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
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.
.gif)