News:
Brokerage
Posted: October 8, 2010
Nouvini Property Investments acquires 18,400 s/f retail center for $2.75 milion
David Nouvini, president of Nouvini Property Investments, has closed on an 18,400 s/f retail center within 21 days of signing the contract. The fully-occupied center was acquired through an all cash purchase in the amount of $2.75 million. The capitalization rate amounts to 10%. National tenants occupy 43% of the center. It is located at the intersection of Park Ave. and Merrick Rd. Schuckman Realty Inc. represented the sellers, Wolff, Newmark & Wolff, Inc. Nouvini was represented by Andrew Brenner of Prime Realty Properties & Management, Inc.
Nouvini Property Investments continues to seek investment opportunities nationwide.
Tags:
Brokerage
MORE FROM Brokerage
Meridian Capital Group arranges lease for Acupuncture Local at 4407 Broadway in Washington Heights
Manhattan, NY Meridian Capital Group has arranged a retail lease for Acupuncture Local at 4407 Broadway Meridian’s Noam Aziz and Carson Shahrabani
Quick Hits
 (2).gif)
Columns and Thought Leadership
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
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
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)