News:
Brokerage
Posted: February 11, 2008
Jankowski and Stahlnecker of M.J. Peterson broker $2.4 million sale
A local partnership has recently acquired the 31,000 s/f Spaulding Building in the city's downtown 700 block of Main St. for $2.4 million. The new owners plan to renovate the early 20th century façade this spring.
M.J. Peterson Commercial Real Estate's Ed Jankowski, broker, and Dorothy Stahlnecker, vice president, co-brokered the deal. Constructed in 1906, the building had been owned by the Spaulding Group LLC. The building's main tenant is the architectural firm of Foit-Albert & Associates. Foit-Albert has agreed to remain in the building and has signed a 10-year lease. The building also has 20 market-rate apartments, all of which are currently under lease.
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Quick Hits
 (2).gif)
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
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
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
.gif)
September Promotion
