News: Brokerage

Rosengarten and Lesser of Garfield secure $2.875 million sale of 3,500 s/f mix-used building on 178 East 94th Street

Leslie J. Garfield & Co., Inc. secured the sale of 178 East 94th St. a two-story 3-unit mixed-use former carriage house with curb cut located on the South side of 94th St. between Lexington and Third Aves. The 3,500 s/f building sits on a lot-36'x25' with a two story addition built I 0' x 75' on the ground and I 0' x 45' on the second floor. The building is configured as a ground floor 2,200 s/f duplex professional space, a commercial space in the basement, and a 3-bedroom, 2-bath rental apartment on the second floor. The property sold for $2.875 million. This property was recently sold in November, 20 12 and the buyer made some upgrades and subsequently put the property back on the market. The buyer, a developer, plans to convert the property to a single-family home, expanding the usable square footage and creating an active garage. Lydia Rosengarten of Leslie J. Garfield & Co., Inc. exclusively represented the seller and the buyer was represented by Matthew Lesser of the same firm. The seller was represented by Susan Tuths, Esq., and the buyer by Steven Bing, Esq.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
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.
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
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