News: Brokerage

Piazza of Charles Piazza Real Estate and Piazza of DJK lease 2,300 s/f; landlord represented by Aizer of Aizer Realty Group

Charles Piazza of Charles Piazza Real Estate and Eric Piazza of DJK Commercial Realty represented the tenant, Sottocasa Pizzeria, in a 10-year, 2,300 s/f lease at 227 Lenox Ave. (between 121st and 122nd Sts.) in Harlem. Sottocasa Pizzeria will occupy the space in the fall. The lease includes 1,500 s/f on ground floor and 800 s/f in basement. The landlord is Aizer Realty Group. Sottocasa Pizzeria's new location is a brownstone (built in 1910), consisting of 18 ft. of frontage on Lenox Ave. and 12' ceilings heights. This will be Sottocasa Pizzeria's second location in New York with their first restaurant on Atlantic Ave. in the Boerum Hill section of Brooklyn. Their wood-fired oven was built and shipped from Naples and cooks the pizza made with Italian organic tomatoes, Fior di Latte mozzarella from Wisconsin cheese sprinkled with extra virgin olive oil from Sicily at 1,000 degrees Fahrenheit. The landlord was represented by Joseph Aizer, Aizer Realty Group.
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Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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

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

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

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.