CBRE-Albany
Perth, NY According to CBRE-Albany, the company has brokered the sale of 4178 and 4184 Rte. 30 for $357,000.
4184 Route 30 is a former Stewarts that is occupied by Case Supply Inc. 4178 Route 30 is a former bank branch that will be converted into a pharmacy.
John MacAffer and Eric Simonds of CBRE-Albany represented the seller, Dimark Development, while Hanna Commercial Real Estate represented the purchaser, Keshu, LLC.
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,