News:
Brokerage
Posted: August 8, 2011
Preuss of Massey Knakal handles $2.75 million sale of 10,000 s/f property
A commercial building at 164-14 Cross Bay Blvd., located between 164th and 165th Aves. in Howard Beach was sold in an all-cash deal valued at $2.75 million.
The two-story property is 10,000 s/f and sits on a 140' x 95' lot. The building is split between two floors with two adjoining parking lots. It benefits from 140 ft. of frontage on Cross Bay Blvd. and its close proximity to national tenants and long standing local businesses.
"We were able to find the perfect buyer for this asset who will greatly benefit from the prime exposure and frontage on Cross Bay Blvd.," said Massey Knakal director of sales Stephen Preuss who exclusively handled this transaction.
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE completes $211m acquisition of 260 Madison Ave.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
.jpg)
Columns and Thought Leadership
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
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
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
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,
.gif)