Isak of Falco & Isak Realty closes $2.35 million sale of 12-family apartment building; Was sole broker of the four-story multifamily

Falco & Isak Realty Services completed the sale of a multifamily property exclusively handled by Rubin Isak, CEO/co-founder. The subject property is located at 25-16 18th St., Astoria. The building is a four-story, brick, 12-family apartment building located across the street from Astoria Park. It sold for $2.35 million in an all-cash transaction to a private investor from New York City. Rubin Isak of Falco & Isak Realty Services was the sole broker. Within 25 days of marketing the property exclusively, and over 20 offers in this time frame, Falco & Isak sent a contract out to the purchaser. This strong sale represents investors' positive sentiment towards the Long Island City and Astoria areas as well as the towering demand for multifamily product in this market.

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IREON Insights: The 90-day warning: How the AVOID Act rewrites risk for New York contractors - by Kenny Eisman

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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

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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.

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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,

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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