News:
Brokerage
Posted: March 6, 2018
Schechtman, Lieberman, Kassin, Goldy and Burk of Meridian Investment Sales to market sale of SoHo development site
Meridian Investment Sales
Manhattan, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, has been named the exclusive agent for sale 74 Grand St., a development site in SoHo. Senior executive managing director, David Schechtman, managing directors, Lipa Lieberman and Abie Kassin, vice president, Jason Goldy, and director, Scott Burk, are representing the seller in this transaction.
Situated at one of the most trafficked locations in New York City, 74 Grand St. is a development site boasting 25 ft. of frontage on one of the landmark neighborhood’s most well-known streets. Zoned M1-5B, the development site has more than $1.8 million in structural fortification and offers investors or users the immediate opportunity to capitalize on strong demand and exceptional neighborhood fundamentals. Development options include a mixed-use condominium building with ground floor retail or a boutique office building.
A well-traversed destination for residents and visitors alike, SoHo is the city’s fashion hub with no shortage of trendy destinations for shopping, dining, and entertainment. The centrally located neighborhood features historic charm with cast-iron architecture, cobblestone streets, and sweeping lofts and art galleries. The property is easily accessible via the A, C, and E subway lines, the N, Q, R, and W subway lines, and the 1 subway line at Canal St.
Tags:
Brokerage
MORE FROM Brokerage
Devli Real Estate acquires 67,000 s/f flex industrial property on Rte. 17 in Upper Saddle River
Upper Saddle River, NJ Devli Real Estate acquired 118 Rte. 17 North, a 67,000 s/f flex industrial/retail asset situated on 6.3 acres with highway frontage. The property is positioned along
Quick Hits
Columns and Thought Leadership
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
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
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
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,
