News:
Brokerage
Posted: October 16, 2018
Outside the Region: Five Point Real Estate facilitates sale of Milan Institute for $1.85 million
San Antonio, TX Five Point Real Estate handled the closing of single tenant net leased investment property. The subject, home to a Milan Institute learning center, was sold to a private investor for $1.85 million which represented a 15.26% cap rate. The transaction consisted of a sale-leaseback between the seller who is the owner of Milan Institute, and the purchaser who is a private real estate company located in New York.
The purchaser was attracted to the high yield and long term lease that is rarely found in the NYC metropolitan market. The immediate value in high returns and low cost basis was an immediate attraction to the purchaser who closed within 30 days of being presented with the offering.
Five Point Real Estate is a boutique investment sales firm located in Melville, NY. Founded in 2017, the firm has closed in excess of $250 million across all asset classes - multifamily, single tenant net lease, multi-tenant office and retail shopping centers.
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $16.25 million sale of Ponce Bank flagship headquarters in the Bronx
Bronx, NY Marcus & Millichap negotiated the sale of a net-leased bank property occupied by Ponce Bank. The asset sold for $16.25 million. “This property drew tremendous interest as it was a
Quick Hits
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 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.
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