News:
Brokerage
Posted: May 4, 2021
Natter and Fuchs of the Collaborative Group facilitate $6.5 million sale
Manhattan, NY Andrew Natter and Harold Fuchs of the Collaborative Group sold 48 Bedford St. The sale price was $6.5 million, or $650,000 per unit; equating to $970 per s/f.
This five-tory walk-up building is located in prime West Village on Bedford St. between Leroy St. and 7th Ave. S. The fully deregulated building consists of 10 residential units. The purchaser bought a cash flowing asset in a great location and at a steep discount to the property’s last sale price.
The buyer, Zachary Hering & Tucker Shane of 33Equities, purchased the property in an all cash deal. 33 Equities is actively buying multifamily and mixed use deals. The seller, the Demler Family, had purchased the property in 2013 for $9.5 million.
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Quick Hits
Columns and Thought Leadership
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
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
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.
.gif)
September Promotion
