News: Brokerage

Smith of S&Z collaborates with Segal of Josh Segal for 42,000 s/f industrial building

Sholom & Zuckerbrot Realty LLC has arranged the sale of a 42,000 s/f industrial building in the Maspeth section of Queens, according to S&Z chairman Sanford Zuckerbrot. S&Z partner Larry Smith represented the seller, Manhattan Brass and Copper Co., which sold the property to Jeffrey Woo of Mong Chong Long Trading Co. for approximately $200 per s/f. The building is located at 56-17 49th Pl. "Mr. Woo is the owner of the popular Chinese supermarket chain, Hong Kong Supermarket, and this property is across the street from one of his stores," says Larry Smith, a principal of S&Z. "He intends to use the space as a food storage and distribution center after minor renovations, such as installing refrigeration and raising the ceiling height." Smith was the exclusive sales agent. Josh Segal of Josh Segal Realty LLC represented the buyer.
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
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
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