Murphy of ERG arranges $3.35 million sale of 667 187th Street

ERG Property Advisors arranged the sale of 667 187th St. in the Little Italy section of the borough. The property is a five-story walk-up with 20 residential units and four commercial units. The property sold for $3.35 million, representing a cap-rate of 8.7%. Matthew Murphy, director of investment sales at ERG, exclusively represented the seller.

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Sobel of RIPCO Real Estate signs Redefine Meals as newest tenant at New Hyde Park Place

New Hyde Park, NY New Hyde Park Place, the rebranded commercial property at 271-02 Union Tpke.on the Nassau/Queens border, has signed new tenant Redefine Meals, the Long Island-based prepared-meal company, for a new 1,000 s/f location, starting on September

GFP Real Estate signs 11,078 s/f of leasing activity at 630 Ninth Ave.

GFP signs 11,078 s/f of leasing activity at 630 Ninth Ave.

Raffa of Island Associates Real Estate leases 1,700 s/f to Tzanis Mental Health Group at 417 East Main St.

Island Assocs. leases 1,700 s/f to Tzanis Mental Health Grp.

Investment Property Realty Group represents The Vaja Group in $26.4 million acquisition of fully entitled Astoria development site

IPRG reps. The Vaja Group in $26.4m acquisition of fully entitled Astoria development site

Lee & Associates NYC arranges 14,000 s/f Midtown office lease for Julie Vos

Lee & Associates NYC arranges 14,000 s/f office lease for Julie Vos

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Slate Property Group secures $63 million refinancing for Chelsea multifamily portfolio

Columns and Thought Leadership

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.

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of