News:
Spotlight Content
Posted: November 25, 2013
Portelli and Weiss of Highcap Group sell Upper East Side building for $3.9 million
Christen Portelli, managing principal, and Jeff Weiss, sales associate, of Manhattan based investment sales firm Highcap Group,arranged the sale of 1464 First Ave. between East 76th and East 77th Sts. on the Upper East Side. The mixed-use building with retail and five apartments had been family owned and managed for over 40 years. The existing structure is 4,400 s/f and there are 10,000 s/f of air rights. The deal closed for $3.9 million.
Portelli and Weiss said,"The property had significant potential with short term retail lease and future development possibility." Highcap represented both buyer and seller in this transaction.
Tags:
Spotlight Content
MORE FROM Spotlight Content
NYREJ's 2026 Developing Long Island Spotlight Participation Options
This special section will feature projects completed within the past six months as well as projects that are currently under construction across Long Island, submitted by developers, general contractors, construction managers, and architectural firms.
.png)
Quick Hits
Columns and Thought Leadership
From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto
Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
2026 Developing Queens: Long Island Board of Realtors advances commercial growth and advocacy in Queens
The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach
CRE Guide Featured Company: Merritt Environmental Consulting Corp.
Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
