Kinsey of Kinsey Capital completes $6.35 million sale
Kinsey Capital, one of the leading commercial real estate brokerage and advisory firms based in New York City, arranged the sale of 244 Tenth Ave., a mixed-use property in the borough's Chelsea neighborhood near the Highline. It was purchased by an affiliate of ICON Realty Management. James Kinsey was the sole broker on the transaction. The property was sold for $6.35 million, or $1,000 per s/f.
ICON Realty Management, which is led by founders Terrence Lowenberg and Todd Cohen, is a multi-faceted investment and management company located in New York City. The firm owns and manages over 1,800 apartment units located throughout the city in some of Manhattan's most desirable neighborhoods including: the Upper East Side, Greenwich Village, Chelsea and the Lower East Side.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
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
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