News: Brokerage

Landau, Vegh and Pershin of GFI broker $1.05m sale in Brooklyn

GFI Realty Services, Inc. completed the sale of 1150 President St. for $1.05 million. The rent stabilized, four-story walk up building with 16-units was sold by a local investor, represented by Joseph Landau and Steven Vegh of GFI Realty Services. The buyer, represented by Vegh and Yisroel Pershin of GFI, plans to maintain long term ownership of the property. 1150 President St. is located in the Crown Heights area. "GFI was able to close the deal in just 60 days," said Vegh, senior associate at GFI. "We knew that we had the right buyer for this type of property and closed the deal quickly and seamlessly, something that many other companies in today's market are struggling with."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

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

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

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
A guide to finding the right NYC property management company - by Sanjay Gandhi

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