News: Brokerage

Lagoudis, developer, gives Steinway St. in Astoria a face lift: Renovating 32-56 & 32-74 Steinway St.

Part of the Astoria neighborhood is receiving a facelift. Developer Steve Lagoudis is making an investment in the borough by renovating two buildings on Steinway St. This project, which began last year, should be completed this summer. These buildings are being rehabilitated for two of Lagoudis' businesses: Re/Max Today and Mortgage World Bankers (MWB). Currently, Re/Max currently resides in a 2,500 s/f space located at 32-75 Steinway St., Suite 207, which houses 37 real estate agents. MWB rents 3,000 s/f at 32-74 Steinway St. for its headquarters. The company also has offices in Manhattan, Flushing, Brooklyn, N.J., Penn. and Fla. "This new space will give both companies a more 'professional Manhattan' feel. Both class A buildings will give our employees and our customers a more executive environment to work in," said Lagoudis. According to Lagoudis, both businesses are booming, and need room to grow. The turn-key business he has cultivated has bloomed over the past 20 years and now holds approximately 72% of the borough's western market sales. Re/Max Today will occupy 32-56 Steinway St. This 5-story, 8,000 s/f building will feature a curtain wall glass front and 50 private professional-grade offices. The second building involved in this project is located at 32-74 Steinway St. 50% of this building will be used by MWB for its headquarters. The exterior is limestone and curtain wall glass. 32-74 Steinway is made up of six stories, and contains a total of 18,000 s/f. This project was designed by architect Kambanis. Kambanis is collaborating with NY Preffered Construction Corp., who is responsible for all concrete work; Joe Gulino of Structural Engineering Systems, PLLC is the project structural engineer; and Community Brokerage Insurance provided insurance for this project. Re/Max Today is a real estate office offering residential and commercial building sales, as well as rentals, primarily in the Queens area. MWB deals with clients looking to obtain financing for home purchases or refinancings. The company is a direct lender that has the ability to provide financing nationwide.
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
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,