Josephides of Reilly Mann Newell Realty brokers $2.7 million sale
Reilly Mann Newell Realty Group has sold 214 East 45th St., a one-story 16' x 100' building occupied by a single tenant, The Comfort Diner. The seller, 830 2nd Ave. Corp. had owned the property since 1978. The purchasers, 214 East 45th St. LLC, are investors in well-located retail and mixed - use properties throughout
the city. The price was $ 2.7 million.
Reilly Mann Newell's salesperson, Costas Josephides, represented both sides.
Legal counsel was Harry Shapiro, Esq. for the purchasers and George Magriples, Esq. for the seller.
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.
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 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
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.
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