Category: Brokerage
BRG completes three Brooklyn sales totaling $5.61 million; Includes $2.75 million by Bestreich, Spro...
July 16, 2019
Brooklyn, NY Bestreich Realty Group (BRG) has arranged three sales totaling $5.61 million. The deals include the following: The $1.76 million sale of 29 Devoe St.in the Williamsburg section. The 5,000 buildable s/f development lot site measures 25 x 100 ft. and is zoned R6B with
Sabet and Sarraf of Venture Capital broker $11.95 million
July 16, 2019
Manhattan, NY Ryan Sabet and Yoel Sarraf of Venture Capital Properties represented the buyer, in the $11.95 million sale of 223 East 89th St.
Banks retires from REBNY; Whelan is new president
July 16, 2019
New York, NY According to the Real Estate Board of New York (REBNY), its president, John Banks, will retire after five years of service to REBNY and 33 years in the private and public sectors. The REBNY board of governors confirmed Jim Whelan as new president...
Sunset Park: Demand to increase for assets as new rent regulation laws pivot investors’ focus - by...
July 16, 2019
Real estate investors have become increasingly optimistic about Sunset Park’s industrial and warehouse assets, motivated by the neighborhood’s proximity to major thoroughfares and relative affordability. With New York’s new rent regulation laws expected to dampen demand for multifamily...
New York City real estate taxes bills are due in July: A minefield of surprises - by Peter Blond
July 16, 2019
I’m very familiar with my phone ringing continuously at this time of year because New York City real estate tax bills – due in July – are being received by property owners city-wide. Unlike any other year, however, New York City tax bills are jam-packed with errors. In particular, bills offer a...
Tourism industry growth in NYC: Will continue to transform and cater to increased global demand - by...
July 16, 2019
According to the Brookings Institute, over the next 10 years the middle-class population around the world is going to increase from 3.8 billion to 5.6 billion. That is roughly 160 million additional people a year entering the middle class around the world. Many of these newly minted members
Varjan, Jambu, Steffani and Braun of Lee NYC sell two buildings - $36.5 million
July 16, 2019
Brooklyn, NY Chris Varjan, senior managing director of investment sales, Vickram Jambu, senior managing director of investment sales, George Steffani, director, and Jonathan Braun, director of Lee & Associates NYC, have arranged the sale of the properties at 145 Henry St., between Pierrepont and Clark Sts., and 15-19 Wyckoff St.,
Bortz of The Kislak Co. sells 192-units for $19 million; Financing provided by Columbia Bank
July 16, 2019
New Windsor, NY The Kislak Company, Inc. negotiated the $19 million sale of Southgate Village Apartments, a 192-unit multifamily property located at 2300 Vails Gate Heights Dr. Kislak marketed the property on an exclusive with senior vice president Janet Bortz...
Hodges Ward Elliott arranges $61 million sale of Rocket Lofts; Parker, Gillen, Tambor, Van Buitenen ...
July 16, 2019
Brooklyn, NY The New York office for Hodges Ward Elliott (HWE) has arranged the $61 million sale of Rocket Lofts at 100 South 4th St., a 100% free-market rental building located on the south side of Williamsburg, between Berry St. and Bedford Ave.
CPC holds ribbon-cutting for $15 million adaptive reuse
July 16, 2019
Utica, NY The Community Preservation Corp. (CPC) joined state comptroller Thomas DiNapoli, senior advisor to governor Cuomo for Upstate Economic Development John Maggiore, mayor Robert Palmieri, the development partners of Doyle Hardware Building LLC, Empire State Development Corp. (EDC), and other stakeholders
State of land use in New York City - Four key findings - by Ron Cohen
July 16, 2019
Land use is arguably one of the most critical issues for the effective planning and development of our fair city. There are various rezoning initiatives that have recently passed to foster growth in neighborhoods such as Inwood, East Harlem, Jerome Avenue (Bronx), and East New York.
Belmont Park Redevelopment to benefit Long Island Rail Road; First full-time LIRR station in 50 year...
July 16, 2019
Belmont, NY Governor Andrew Cuomo said the $1.26 billion Belmont Park Redevelopment Project will benefit from a full-time Long Island Rail Road train station, the first full-time LIRR station in nearly 50 years, helping mitigate traffic...
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