News:
Brokerage
Posted: January 11, 2010
Salmon and Marshall of Salmon & Marshall sell 26-unit building for $5.3 million
Salmon & Marshall closed their second deal in a month with Benchmark Real Estate Group for the $5.3 million sale of 120 MacDougal St. The 26-unit, 13,618 s/f apartment building has two commercial units and is located in the West Village neighborhood.
Kevin Salmon and Matthew Marshall represented the long-term owner and also procured the buyers, Jordan Vogel and Aaron Feldman of Benchmark Real Estate Group, LLC a private Manhattan-based real estate firm.
"We have begun to see light at the end of the tunnel with the down economy," said Salmon. "With this being our second closing in the one month, we are confident that the commercial real estate market is on its way to a positive recovery."
This deal is Salmon & Marshall's third closing since opening their doors in May of 2009.
Tags:
Brokerage
MORE FROM Brokerage
REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium
Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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,
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.
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 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