News: Brokerage

Itzhaki named exclusive agent for 304 East 6th St.

Itzhaki Properties has obtained an exclusive sales listing at 304 East 6th St., between First and Second Aves. in the East Village. The existing 4-story building contains a restaurant and a duplex apartment above. There are approved plans and permits in place to add 1.5 additional floors, increasing the floor area by 800 s/f. Itzhaki Properties senior broker Jeremy Frank and sales associate Inbal Himelblau exclusively represent the seller of this investment property. Upon completion of the proposed construction, the restaurant will occupy the basement, 1st and 2nd floors, a 1BR/1BA apartment will be on the 3rd floor, and a duplex two-bedroom/2-bath will be on the 4th and 5th floors complete with a home office and terrace. What makes this acquisition opportunity unique is that an investor can purchase the property as-is or close after the construction is completed. The seller will also consider offering financing to qualified buyers.
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Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent