News: Brokerage

Pollan of Kassin Sabbagh Realty handles sale of Queens development site – $6 million

Aerial, 19-38 Cornaga Avenue and 10-18 Beach 20th Street - Queens, NY

Queens, NY Kassin Sabbagh Realty, LLC has completed the sale of a 216,000 s/f as of right development site in the downtown area of the Far Rockaway neighborhood. Radson Development purchased the site at 19-38 Cornaga Ave. and 10-18 Beach 20th St. for $6 million.

Steven Pollan,
Kassin Sabbagh Realty

Steven Pollan of Kassin Sabbagh was the sole broker on the transaction.

Radson Development plans to build two 10-story buildings, containing a total 146 units and 15,000 s/f of community facility space.

The project is part of the rezoning that has taken place in the area.

KSR is one of NYC ‘s leading full service real estate brokerage firms.  With more than $400M of Invesment sales and more than 500,000 SF of new leases in 2019 KSR has become one of the fastest growing Real Estate firms in NYC.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

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.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
Strategic pause - by Shallini Mehra and Chirag Doshi

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