Rogers of JF Real Estate completes 1,611 s/f lease for OrthoRX and a $325,000 sale
Ed Rogers, senior vice president of sales and leasing at JF Real Estate has completed a lease for OrthoRX d/b/a New York Brace Systems. The leased consists of 1,611 s/f at Canalwood Commons, 2949 Erie Blvd. Don O'Leary of Pyramid Brokerage Co. represented the landlord.
In addition, Sunburst Optical recently purchased (from Alliance Bank, N.A.) a 15,089 s/f office/warehouse building located at 6017 Tarbell Rd. The selling price was $325,000. Rogers represented the purchaser in the deal. Bill Evertz of Pyramid Brokerage Co. represented the seller.
Also, Paul Myles and Martin McDermott with JF Real Estate have procured a new lease for a 5,000 s/f retail space located in Mattydale. The tenant, A Fiction Addiction, is a new business, owned by Robert Gray, selling used and new books. The building located at the corner of LeMoyne Ave. and Molloy Rd. is owned by Charles Cavallaro and James Babikian.
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
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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
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