News: Brokerage

Sargoy and Hassid of Brown Harris Stevens broker $4.8 million sale

Brown Harris Stevens Commercial Real Estate Division has completed the sale of the Queens Corporate Center, a 47,062 s/f, four-story building located at 221-10 Jamaica Ave. GWB Realty Associates of New Jersey, LLC acquired the building for $4.8 million through Brown Harris Stevens' David Sargoy, director of the commercial real estate division, and Zubin Hassid, director of investments and leasing. Queens Corporate Center, now available for lease to office and medical tenants who require between 300 and 10,000 s/f, offers a very large private parking lot and is convenient to buses, Long Island Railroad, extensive commercial areas and highways. According to Sargoy, the building is being renovated with new common areas, bathrooms and a redone exterior.
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
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,
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