Frank Rao and Michael Rao of New York Commercial Realty Group (NYCRG) completed the following three deals totaling 43,408 s/f:
* NYCRG was the sole broker in the sale of 10 Pearl St., Port Chester. NYCRG represented The Town of Rye and procured the buyer. 10 Pearl St. is located in the heart of Port Chester and consists of a 11,808 s/f office building with a parking lot. The property sold for $1.85 million.
* NYCRG was the sole broker in the sale of 18 S. Main St., Port Chester. NYCRG represented the owner and procured the tenant. 18 S. Main St. consists of 11,600 s/f of retail and storage space.
* NYCRG was the sole broker in the sale of 180 East Post Rd., White Plains. NYCRG represented the seller Post 180, LLC and procured the buyer. 180 East Post consist of 20,000 s/f of retail and office space.
Jersey City, NJ Veris Residential, Inc., a multifamily REIT, sold its 4.2-acre Harborside 8/9 land parcel for $75 million. Net proceeds are estimated to be $69 million, which the
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,
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
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
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.