Greiner-Maltz Realty Advisors LLC
News:
Brokerage
Posted: April 16, 2019
Pallett and Schanzer of Greiner-Maltz sell New Rochelle property
New Rochelle, NY Greiner-Maltz Realty Advisors LLC has completed the sale of 27 Centre Ave. The property, which was previously used as a dry-cleaning facility and was owned by the same family for over 50 years, was purchased by a local investor/developer group.
Greiner-Maltz Realty Advisors LLC
Greiner-Maltz Realty Advisors LLC
Greiner-Maltz associate Paul Pallett and principal broker Ayall Schanzer facilitated the transaction of the 32,000 s/f building.
This transaction is part of a continuing trend in the transformation of the changing downtown area. The new owner has already begun the process of refurbishing the building and the surrounding property for the purpose of leasing it to a business that could benefit from its proximity to the New Rochelle Metro North Railroad Station, and easy access to I-95.
“With over 35 years of experience working the lower Westchester market, I am proud of playing a part in the revitalization of downtown New Rochelle” said Pallett who played the lead role in the transaction.
Tags:
Brokerage
MORE FROM Brokerage
Retreat at 490 Wheeler Rd. in Hauppauge
Hauppauge, NY Robert Raffa and Robert Monahan of Island Associates helped to negotiate a long-term lease for Retreat, a non-profit organization located at 490
Quick Hits
Columns and Thought Leadership
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 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
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
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.
