M.C. O’Brien, Inc.
News:
Brokerage
Posted: September 4, 2018
O’Brien and Peters of M.C. O’Brien negotiate two sales in Brooklyn totaling $7.7 million
M.C. O’Brien, Inc.
M.C. O’Brien, Inc.
Brooklyn, NY M.C. O’Brien, Inc. completed the sale of two properties:
The first site, at 921 Hegeman Ave. in the East New York area, is a two story building with a roof top play area of 5,000 s/f, originally constructed by the seller in the 1970s. The property is occupied by a regional day care provider and benefits from nine classrooms, extensive natural light, central AC and a commercial kitchen.
The second site at 103-15 Farragut Rd. in the Canarsie neighborhood was also constructed by the seller on a ground lease in the 1970s. This property is also a two-story building with a senior center on the first floor and a day care center on the second floor with roof top play area of 5,000 s/f. The site has long term leases in place and benefits from a new elevator, two commercial kitchens, new windows and all new interior finishes.
M.C. O’Brien, Inc. secured all cash buyers for each of the buildings, aggregate sale price was $7.7 million.
William O’Brien, SIOR and Davon Peters of M.C. O’Brien, Inc. were the sole brokers in both transactions.
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE completes $211m acquisition of 260 Madison Ave.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
.jpg)
Quick Hits
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
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.
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,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
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
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
.gif)