Kadosh and Trock of CBRE complete $51 million sale
CBRE Group, Inc. represented Acadia Realty Trust and O'Connor Capital Partners in Acadia's $51 million purchase, through its fund platform, of a mixed-use retail, office and parking property on Third Ave. on the Upper East Side. The CBRE retail team of Michael Kadosh, first VP, and Gary Trock, senior VP, completed the transaction for both parties.
"Having been involved in the leasing of this property, we had a great understanding of the market and were able to create an off-market transaction for both parties," said Trock.
Constructed in 1967, the Wellington House is listed at three addresses: 200-206 East 62nd St.; 203 East 61st St., and 1033-1049 Third Ave.
The commercial space occupies the ground and second floor and the garage.
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.
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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
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