News: Brokerage

Roseman and Meyerson of Sholom & Zuckerbrot negotiate 65,000 s/f in Queens

Sholom & Zuckerbrot Realty (S&Z) has negotiated a lease providing 65,000 s/f for The Fortune Society at 29-76 Northern Blvd. in the Long Island City neighborhood, according to Sanford Zuckerbrot, chairman of S&Z, which represented the landlord. The Fortune Society, a non-profit organization offering a full range of services for ex-offenders, such as counseling, education, employment services, substance abuse treatment, health services and housing, will take immediate occupancy of the ground and second-floor space for a term of 15 years. "The location is exceptionally well suited to the tenant's needs - it is close to an excellent transportation hub and several major highways, and is easily accessible from Manhattan," said Gail Roseman, executive vice president of S&Z and one of the building's exclusive agents. S&Z was initially retained by Trafalgar Tours, a previous tenant at the building, to sublet its 45,000 s/f office, which is now a portion of The Fortune Society's new space. The landlord was interested in leasing an adjacent 20,000 s/f, and also retained S&Z as an exclusive agent. Roseman, with Joseph Meyerson, also of S&Z, decided to offer Trafalgar's space as an expandable office. The combined 65,000 s/f was "an ideal fit" for The Fortune Society, according to Roseman. Roseman and Meyerson represented the landlord. The Newmark Knight Frank (NKF) team of Stephen Schofel, Robert Silver and Scott Brown represented the tenant. Founded in 1962, Sholom & Zuckerbrot Realty LLC is a full-service real estate firm offering retail, office, industrial and investment brokerage, property management, plus development and build-to-suit projects. The firm is based in Long Island City, Queens, New York City.
MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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,