News: Brokerage

Preuss and Gevinski of Massey Knakal handle $2.05 million retail sale

Three contiguous buildings with NNN retail stores at 1598-1602 Pitkin Ave., located in the retail area of Brownsville, was sold in an all cash transaction valued at $2.05 million. The three-story brick buildings are located on a combined 60' x 92.92' corner lot of Pitkin Ave. and Amboy St. The first floor is 60' x 93' and the second and third floors are 60' x 55'. Each building is net-leased to the retail tenant and each has occupied the same space for over 10 years. Above the retail stores are eight apartments that are all in need of a full renovation. Massey Knakal first VP of sales Stephen Preuss exclusively handled this transaction with Massey Knakal first VP of sales Ed Gevinski.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.
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