News: Brokerage

Leary and Burk of CPEX broker two sales totaling $2.47 million

CPEX has completed two sales totaling $2.47 million. The deals include the following: * The sale of a commercial condominium located at 79 Bridge St. in the DUMBO neighborhood. The property features 100' of frontage on Bridge St. The space includes 4,400 s/f of retail/office space as well as an additional 2,200 s/f of basement storage and nine enclosed parking spaces. The sales price was $1.6 million. The sale was arranged by the CPEX mixed-use investment sales team headed by Scott Burk Esq. under the direction of senior managing director Brian Leary. CPEX was the sole broker. * The sale of two adjacent buildings located at 71-28 & 71-30 Cooper Ave. in Glendale, Queens. The buildings were 5,108 s/f and feature 115' of frontage on Cooper Ave. and 71st Place. The buildings were home to "Von Westerhagens" a neighborhood bar and grill. In addition there were two two-bedroom apartments that were occupied on a month to month basis. The sales price was $875,000. The sale was arranged by CPEX's mixed-use investment sales team headed by Burk under the direction of Leary. CPEX was the sole broker.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
Strategic pause - by Shallini Mehra and Chirag Doshi

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