News: Brokerage

Marcus & Millichap retained to exclusively market SoHo townhouse

Manhattan, NY Marcus & Millichap has been selected to exclusively represent 53 Wooster ST., a vacant townhouse off of Broome ST. in the Soho neighborhood, according to John Krueger, regional manager of the firm’s local office. 

Locally-based multifamily investment sales team Barbara Dansker and Zachary Ziskin, acquired the exclusive listing to market the property on behalf of the seller, a private investor.

“53 Wooster St. offers investors, users and developers the incredibly rare opportunity to acquire a vacant Soho townhouse with flexible uses, commercial development rights, flagship potential and approved LPC plans for a rooftop extension.” said Ziskin. “The flexible nature of this extraordinary asset will command the attention to a diverse group of clienteles.”

Comprised of four floors, the cast-iron storefront, wood burning fireplaces and hardwood floors provide authentic elements that reflect the historic integrity of the townhouse.
 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.
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,