Category: Brokerage

Queens, NY A private real estate investor has acquired an 18,000 s/f full block retail strip for $9.65 million in an all-cash off-market deal.  Nir Mor and Daniel Rahmani, of Capital Property Partners acted for the purchaser, while Michelle Abramov of AssetCRG represented the seller, RJ Capital Holdings.

Among the numerous legal developments of 2018 the standouts include the introduction of a new tax strategy for real estate investment and development, and a $6.75 million verdict against a property owner for destroying street art, noted below with a few others of interest: 

Manhattan, NY Friedman-Roth Realty Services has arranged the first sale in almost 20 years, the disposition of 112 West 138th St. (aka The Invincible Court).  Located in Central Harlem between Lenox Ave. and Adam Clayton Powell Blvd., this six story elevator building consists of 54 large apartments. The 39,000 s/f building sold for $19.25 million, a 3% cap rate and 19 times rent-roll.

New York, NY Oxford Property Group and Rhino have launched a new deposit-free search tool that allows prospective renters and their brokers to search for exclusive deposit-free listings through Oxford Property’s own online search tools.

Brooklyn, NY According to Kassin Sabbagh Realty, LLC, (KSR) UOVO, a provider of art, fashion and collections storage and services, has closed on the off-market sale of 105 Evergreen Ave. Totaling 150,000 s/f, the building is on a 77,000 s/f parcel in the Bushwick neighborhood.  Steven Pollan and Daniel Myers of KSR brokered the $47 million sale. 

Brooklyn, NY Bond Veterinary leased a 1,805 s/f retail space at 217 Court St.  The urgent care animal hospital realized there was a need for better service for pet owners and their animals. Staffed with some of the best veterinarians in the country and veterinary care providers; Bond Veterinary focuses on providing the best care for pets and their owners. They aim to create a team environment that's welcoming and positive for clients and staff alike. The company began operation in 2018 and this will be Bond Veterinary's flagship location. The startup company is modernizing veterinary practices by updating clients with medical notes about treatments and producers through their app. They've also automated the process of scheduling appointments and accessing medical records online.