News: Brokerage

Investment Property Realty Group facilitates two sales totaling $10.125 million

New York, NY Investment Property Realty Group (IPRG) handled the following sales:

121 Bowery - Manhattan, NY

121 Bowery in Chinatown, Manhattan, sold for $5.15 million. This property is located between Grand & Hester St. The lot is built 25.17 ft. x 102.67 ft. and the building is built 25 ft. x 103 ft. This building consists of three commercial spaces and total 6,827 s/f priced at $754 per s/f and $1,716,667 per unit. This building was sold by the Liu Estate and bought by Tenny Lam. Zachary Ziskin, Adam Lobel, Justin Zeitchik and Eli Zempsky facilitated both the buy and sell side of this transaction.

110 First Place - Brooklyn, NY

110 First Pl. in Carroll Gardens, Brooklyn, sold for $4.975 million This property is located between Court & Smith St. The lot is built 26.17 ft. x 70.42 ft. and the building is built 26 ft. x 60 ft. This multifamily consists of four apartments and total 6,400 s/f priced at $777 per s/f and $1,243,750 per unit. The building was delivered vacant. This building was sold by the Fiore Family and bought by @eckstromnyc. Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Warning and Daniel Shawah facilitated both the buy and sell side of this transaction.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking