News: Brokerage

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

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.
A fresh start - by Shallini Mehra and Amit Doshi

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