News: Brokerage

Itzhaki Properties brokers two sales totaling $3.76 million

Itzhaki Properties has completed two sales totaling $3.76 million. The first deal was the $835,000 sale of 2514 Albermarle Rd., a 14,310 s/f vacant lot with 34,773 s/f of development rights. Located in the Prospect-Lefferts Gardens neighborhood, the lot is situated between Lott St. and Veronica Place. Shay Zach of Itzhaki represented the buyer and seller. The second deal was the $2.925 million sale of 124 East 37th St., a landmarked, five-story, mixed-use residential building comprised of two duplex apartments and one duplex commercial space. Located in Murray Hill between Lexington and Park Aves., the building offered significant rental upside with vacate clauses for all existing tenants. Zach and Edan Cohen of Itzhaki represented the buyer and seller.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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.