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Jungreis of Rosewood Realty Group sole broker in $10.5 million sale
September 3, 2019
Manhattan NY Rosewood Realty Group has completed the $10.5 million sale of 495 Amsterdam Ave. on the Upper West Side. The 9,975 s/f five-story, mixed-use walk-up apartment building on the corner of West 84th St., features
One sale, two tax breaks: How to use sections 121 and 1031 together - by Pamela Michaels
September 3, 2019
In and around New York City and in the Northeast generally, many property owners occupy property which is partially used as their primary residence and partially used for their business or as rental property. Examples of this abound on the Upper West and East Sides of the city where historic townhomes have been
MacClarence, MacAffer and Mangini of CBRE-Albany collaborate to sell Guilderland retail building for...
September 3, 2019
Guilderland, NY CBRE-Albany completed the sale of 1438 Western Ave. This is the former Passonno Paints retail store at the intersection of McKown Rd. which is a 3,860 s/f building on a one-acre site.
Wenig, Nelson and Kinsey of Avison Young facilitate $5.1 million sale of Long Island post office
September 3, 2019
Merrick, NY The Net Lease Investment Sales Group for Avison Young facilitated the sale of a single-tenant net-leased United States Postal Service (USPS) property located at 2040 Merrick Rd. for $5.1 million. The USPS recently renewed a
Blatter of KFIR Capital acts for buyer and seller in $20.5 million Brooklyn Opportunity Zone sale
September 3, 2019
Brooklyn, NY KFIR Capital completed the $20.5 million sale of a two-story, 43,000 s/f mixed-use building in an Opportunity Zone (OZ). The buyer, a family office, plans to develop the site at
Cushman & Wakefield acts as exclusive advisor to Angelo Gordon & Onyx Equities in $94 million financ...
September 3, 2019
Orangetown/Clarkstown, NY According to Cushman & Wakefield, the firm served as the exclusive advisor to Angelo Gordon & Onyx Equities in the procurement of $94 million in financing for Bradley Corporate Park, a 17-building
Durst Org. and Bank of America refinance One Bryant Park; Rosenberg & Estis; Orrick, Herrington & Su...
September 3, 2019
Manhattan, NY The Durst Organization and Bank of America have closed a $1.6 billion refinancing of One Bryant Park. The financing combined a $950 million CMBS loan with a $650 million Liberty Bond loan
Investment Sales: New York City real estate is still alive - by Michael Weiser
September 3, 2019
NYC commercial real estate investment is still alive! The new NYS rent regulation laws affect approximately one-million stabilized units. However, there are still approximately two million free market apartments many in wholly free-market or largely free-market buildings. In addition, let’s not forget mixed use, office,
ACC Real Estate Services brokers three Long Island sales totaling $7.455 million
September 3, 2019
Mineola, NY ACC Real Estate Services, Inc. has brokered three sales totaling $7.455 million. The first deal was the $4.2 million sale of a 20,000 s/f building at 155 First St., Mineola. The seller was David Liestman of Koeppel Martone Leistman. This buyer of this property was Michael Ambrosino of Ambrosino Consultant Corp.
Funiciello of JF Real Estate acts for landlord in 5,454 s/f lease to Anything But Beer brewery
September 3, 2019
Syracuse, NY Anything But Beer has leased the corner retail space in the White Memorial Building, located at 201 South Salina St. The brewery produces gluten-free and vegan fruit ales and ciders from
Spiegelman of RIPCO Real Estate reps Century 21 Stores in 68,000 s/f lease
September 3, 2019
East Garden City, NY According to RIPCO Real Estate, Century 21 Stores has signed a 68,000 s/f lease at Simon Property Group’s Roosevelt Field. RIPCO vice chairman and principal Gene Spiegelman represented Century 21 Stores, his sixth deal with the retailer and third with Simon. The landlord rep was not disclosed.
Hastings Cohn Real Estate joins Hunt Commercial as the Hastings Group
October 1, 2019
Buffalo, NY According to HUNT Commercial Real Estate, Hastings Cohn Real Estate has joined the firm as the Hastings Group. The Hastings Group will operate out of the HUNT Commercial headquarters in the
Cruz, Simonelli, O’Hearn, Oliver, Scandalios and Braverman of JLL arrange $17 million sale of 65,9...
September 3, 2019
West Babylon, NY ShopOne Centers REIT Inc., a leading owner, operator and manager of high-quality grocery-anchored shopping centers, has acquired Hubbards Commons, a 65,970 s/f shopping center for $17 million. The purchase marks ShopOne’s first shopping center in New York, as it continues to grow..
Schiller, Kirnie and Farrington of Cushman & Wakefield | Pyramid Brokerage Co. sell 276,000 s/f
September 3, 2019
Shortsville, NY According to Cushman & Wakefield | Pyramid Brokerage Co., (C&W|Pyramid) they have closed the sale of 1479 East Ave. The sale price was not disclosed.
CCIM and Rochester Area NYSCAR offer fall courses
September 3, 2019
Rochester, NY CCIM and the Rochester Area Chapter of NYSCAR will be providing two courses this fall. The classes are vital for anyone wishing to become a CCIM, or for people who are newer to the industry
Cronheim arranges $13.5 million for Poughkeepsie Plaza redevelopment
September 3, 2019
Poughkeepsie, NY Cronheim Mortgage secured financing totaling $13.5 million for the redevelopment of Poughkeepsie Plaza, 2600 South Rd. The borrower wishes to remain anonymous at this time.
DG Law plans ribbon cutting to open new Saratoga Springs office September 19th
September 3, 2020
Saratoga Springs, NY Newly formed DeAngelus Goralczyk PLLC (DG Law) is planning a ribbon cutting and open house event on September 19th to celebrate their firm’s expansion. Attorneys Karen DeAngelus and Jacqueline Goralczyk formed the firm in March,
Selling investment property, thinking you don’t have a gain - by Russell Gullo
September 3, 2019
There are many scenarios when selling income-producing real estate or investment-held property where you may experience a significant, and unexpected, gain (profit) and face a large tax liability that could have been avoided. If you encounter one of the examples below, make sure you
Empire Commercial and Davidson Arch. partner for two KFC restaurants
September 3, 2020
Horseheads, NY Empire Commercial Construction is nearing completion for construction on two Kentucky Fried Chicken locations. Empire is teaming with Kansas-based Davidson Architecture & Engineering
MacAffer and Simonds of CBRE-Albany sell retail sites for $357,000; Hanna Commercial RE acts for buy...
September 3, 2019
Perth, NY According to CBRE-Albany, the company has brokered the sale of 4178 and 4184 Rte. 30 for $357,000.
4184 Route 30 is a former Stewarts that is occupied by Case Supply Inc. 4178 Route 30 is a former bank branch that will be converted into a