News: Brokerage

NYCRG brokers a $2.8 million sale and three leases totaling 40,000 s/f

New York Commercial Realty Group (NYCRG) has completed a $2.8 million sale and three leases totaling 40,000 s/f. The deals include the following: * The $2.8 million sale of 6 John Walsh Blvd., Peekskill. The 30,000 s/f flex property was brokered by Michael and Frank Rao of NYCRG who represented the buyer, White Plains Linen. * A 6,000 s/f flex space lease at 7 Odell Plaza, Yonkers. Michael and Frank Rao represented the tenant, Homeocare Laboratories. The landlord is Mack-Cali. * A 3,000 s/f office lease at 237 Mamaroneck Ave., White Plains. The five-year lease was brokered by Michael and Frank Rao, who represented the tenant, American Lung. * A 31,000 s/f flex space lease at 8 Slater St., Port Chester. The 10-year lease was brokered by John Zappia of NYCRG, who represented the tenant, Zyloware Eyeware.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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
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,