Robert Ranieri, senior vice president and managing director of NorthMarq's Greater Westchester NY/CT regional office, arranged first mortgage refinancing of $1 million for a 15-unit, market-rate multifamily property located at 320 West 22nd St. Financing was based on a seven-year term plus a five-year option and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower, Third Old New York LLC, through its relationship with a local bank.
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.
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.
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
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