News:
Brokerage
Posted: August 23, 2022
Neue Urban buys Crown Heights asset for $5.4m; Traub of Curb Capital and Stavsky of Stav Equities are brokers
Brooklyn, NY Real estate investment firm Neue Urban, led by Zach Ehrlich, closed on the acquisition of 1467 Bedford Ave. in the Crown Heights neighborhood, for $5.4 million. The asset is near the A subway line.
The mixed-use building is 9,078 s/f consisting of 12 renovated free-market apartments and one vacant retail space. The buyer plans on upgrading the units even further and maximizing the rental value of the property to its fullest potential in a very strong prime Crown Heights market.
Adam Traub of Curb Capital LLC and Jacob Stavsky of Stav Equities LLC represented both the buyer and seller collectively in this off-market transaction.
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Columns and Thought Leadership
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
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,
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
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.
