News:
Brokerage
Posted: April 2, 2015
Niblock and Roth of Friedman-Roth Realty Services broker $10 million sale of five-story walk-up
Friedman-Roth Realty Services LLC has completed the sale of a mixed-use Upper West Side building located at 392 Columbus Ave. (aka 102 West 79th St.)
The five-story walk-up consists of 6 residential units and a retail store, which is occupied by The Coffee Bean & Tea Leaf, a national retail chain with 950 locations nationwide.
The building, with a total of 5,277 s/f was sold for a price near $1900 per s/f for a closing price of $10 million.
“The per square foot sales price is truly remarkable for mixed-use buildings on the Upper West Side,” said Eric Roth, owner and managing partner of Friedman-Roth Realty Services.
The owners of neighboring 102 West 79th St. purchased the property. George Niblock of Friedman-Roth also brokered that sale in 2013 for a price of $16.65 million.
Friedman-Roth Managing partners Niblock and Roth were the brokers in the transaction.
Tags:
Brokerage
MORE FROM Brokerage
Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease
Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
Quick Hits
 (2).gif)
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.
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
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
.gif)
September Promotion
