News: Spotlight Content

Property of the Month: Ingram & Hebron Rlty. selected as exclusive agent for available office space at 16 Court St., Brooklyn

According to Robert Hebron, Ingram & Hebron Realty has been selected as exclusive agent to lease the available office space at 16 Court St., one of the borough's tallest office towers. 16 Court St. is owned and managed by one of New York City's largest office landlords, SL Green Realty Corp., which has a portfolio of 74 buildings in the Tri-State area. 16 Court St. was constructed in 1928 and consists of 300,000 s/f of office and retail space spread over 36 stories. The building is located on top of one of the city's largest transit hubs and is one subway stop from Manhattan. Many of the office suites feature views of New York Harbor, lower and midtown Manhattan, Northern and Downtown Brooklyn and Queens. A recent comprehensive redevelopment of the property has been completed including a new lobby, new elevator cabs, new corridors and bathrooms on select floors and ongoing window replacement. SL Green vice president Chris Gulden said, "Ingram & Hebron Realty was selected for their unparalleled experience, relationships and decades of success in the Downtown Brooklyn marketplace." Ingram & Hebron Realty principal Paula Ingram said, "We are delighted and honored to have been chosen to work with such a prestigious organization and it will be a privilege to represent this iconic and desirable building." Ingram & Hebron Realty, Inc. has leased hundreds of thousands of s/f of retail and office space in the downtown area. The firm has sold over 600,000 s/f of office buildings and approximately $50 million of land and buildings for redevelopment in the borough. No other commercial brokerage is as established, connected or has done more consistent and varied leasing and sales transactions in the downtown area.
MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Properly serving a lien law Section 59 Demand - by Bret McCabe

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”.