Oehler of Hunt Comm'l. and Simonetti of Hunt R.E. broker $3m; Bought by Billone of Flower City
Hunt Commercial and Hunt Real Estate completed the sale of Vienna Gardens on 144 Main St., Phelps and Armstrong Senior Living on 790 East Maple Ave., Newark. The deal was brokered by Gregory Oehler of Hunt Commercial Real Estate and Don Simonetti, Sr. of Hunt Real Estate ERA.
Both facilities were purchased by John Billone of Flower City Management & Development and a newly formed LLC. The two facilities fit very well into the current portfolio of Flower City Management and will provide them presence in two new markets.
The facilities, owned by a Rochester physician, were well managed and maintained with high occupancy. Flower City Management is looking to add additional rooms and upgrade the overall interior and exterior appearance, along with new windows.
HUNT Commercial is a full service commercial real estate firm providing real estate brokerage and consulting services in Buffalo, NY, Rochester, NY, Syracuse, NY Watertown, NY and Sarasota, FL.
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
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
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.