News: Brokerage

Rosenblatt and Gerome of Cresa sell 6,096 s/f commercial coop. to Clark Construction for $3.25m

Manhattan, NY Cresa managing principal Bert Rosenblatt and vice president Alex Gerome represented Clark Construction Corp. for the $3.25 million acquisition of a 6,096 s/f commercial cooperative at 127 West 24th St. in Chelsea. The buyer is a general contracting and construction management firm.

“We saw this as a great opportunity for our client to purchase a commercial co-op in Manhattan in a conveniently located area,” said Rosenblatt.

Clark Cons. president Erhan Secilmis said, “For me, this space represents a commitment to both our craft and our people. It will serve as a place where our team can collaborate, innovate, and continue to push the boundaries of what it means to build the extraordinary in Manhattan.”

The seller, NY Landmark Construction, was represented by Michael Rudder and Justin Harris of Rudder Property Group. The buyer’s attorney was Rafael Raffaelli. The seller’s attorney was Steve Tanen, Starr Law Firm. Clark Cons. will be relocating its headquarters from 99 University Pl.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,