News:
Brokerage
Posted: July 3, 2018
Kontis and Amato launch TEK Realty Advisors LLC
Queens, NY Commercial real estate brokers Theo Kontis and Vincenzo Amato have launched of TEK Realty Advisors LLC (TEKRA).
TEKRA is a boutique commercial real estate brokerage and advisory firm that specializes in the sale and leasing of investment properties, industrial/warehouses, development sites, self-storage facilities, retail stores and mixed-use/multifamily properties. TEKRA represents owners, sellers, purchasers and lessees of commercial estate assets throughout the NYC Metro area.
Kontis, partner and co-founder of TEKRA said, “We are dedicated to providing the best-in-class brokerage service to our clients by combining our extensive local market experience with a technology driven approach to provide critical insight and market information in order to maximize their real estate decisions.”
The principals behind TEKRA have over 15 years combined experience and have brokered over 1.3 million s/f across 120+ transactions in New York, New Jersey and Massachusetts.
Kontis and Amato were recently retained as exclusive agents to sell a mixed-use property located on the corner of 23rd Ave. and 29th St. in the Ditmars section of the Astoria neighborhood.
The duo has been busy on the industrial front as well, representing the purchaser in the $12 million sale of a portfolio industrial buildings totaling 23,177 s/f on 2.66 acres in New Hyde Park. The partners also secured a 10,000 s/f lease at 48-35 36th St. in Long Island City for Atlas Floral Decorators. Atlas is relocating from their existing facility in Woodside, Queens, which is part of Madison Realty Capital’s planned residential development currently seeking a rezoning.
“We decided to locate our office in Astoria because we are bullish on New York City. Our thesis has been reaffirmed by the tremendous amounts of interest we’re receiving from private investors and mid-market investment companies seeking properties in transit-oriented neighborhoods.” Vincenzo said. “We’re marketing a 20-unit apartment building on 43rd Street and bringing a nearby 6-unit building with on-site parking to the market as well.”
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Columns and Thought Leadership
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
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
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,
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,
