News:
Brokerage
Posted: March 24, 2020
Rahmani and Stavsky of VCPRE advise Muss Development for $29.25 million deal
Scarsdale, NY Muss Development has purchased a new apartment complex at 250 Central Park Ave. in a 1031 exchange for $29.25 million. The building is comprised of 51 units which encompass 46,342 s/f.
The seller, Ted Weinberg, was represented by Elana Tsyganko, Max Kostikov and Richard Horowitz of Cooper Horowitz and the buyer, Muss Development, was represented by Itan Rahmani and Jacob Stavsky of Venture Capital Properties, VCPRE LLC.
Residents of “250 Glasshouse” have extensive outdoor terraces and a golf course adjoining the back of the building. The area is close to nearby recreational, dining, and shopping options. The Hartsdale Metro-North Railroad Station is just a five minute drive from the building, providing convenient access into New York City via the Harlem Line – with an approximate 41 minute ride to Grand Central.
Tags:
Brokerage
MORE FROM Brokerage
Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence
New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
Quick Hits
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
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
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
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
