Padula of Itzhaki Props. appointed excl. agent for mixed-use building
Itzhaki Properties was recently appointed exclusive broker to the property located at 50 Spring St.
Donna Padula will be representing the seller of this four-story, mixed-use building. Located in the Little Italy/SoHo area, the building is 5,242 s/f with 5,664 s/f of additional air rights. The property consists of three apartments and three retail stores, in addition to a rear duplex and backyard. On a retail block, this property has development potential. The neighborhood has heavy foot traffic, located next to the #6 train, and surrounded by high-end tenants.
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
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
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
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
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.