Taurus completes $14m sale/leaseback of 356,541 s/f facility
Taurus Investment Holdings closed on the $14 million purchase of a newly constructed, 356,541 s/f manufacturing/distribution facility through its subsidiary, Taurus Corporate Properties, LLC. Taurus and Pratt entered into a long-term lease for the property converting and distribution facility for Pratt's paper and packaging business. Acquisition financing for Taurus was provided by TD Banknorth. Pratt was represented in the transaction by Staubach Capital Markets.
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
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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