News: Brokerage

Sarraf and Sabet of Venture Capital complete $13.875 million sale of two Upper East Side buildings

Yoel Sarraf,
Venture Capital Partners

 

Ryan Sabet,
Venture Capital Partners

 

Manhattan, NY Slate Property Group, a Manhattan-based real estate company, has closed on the sale of two buildings on the Upper East Side for $13.875 million. The buildings, 1762 and 1764 First Ave. are comprised of four stores and 26 residential units totaling 17,500 s/f. 

1762 and 1764 First Avenue - Manhattan, NY

The sellers, Albert and Robert Gilardian of the Gilar Group, owned the buildings for 30 years. 

Slate Property Group, led by Martin Nussbaum and David Schwartz,  is an owner, operator, and developer of commercial and residential real estate in the New York City metropolitan area. Slate is known for developing properties in Brooklyn and investing  throughout Manhattan.

Yoel Sarraf and Ryan Sabet of Venture Capital Properties represented both sides of this deal.  

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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
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,