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Queens, NY Rubin Isak, founding partner of Goldenwood Property Advisors, has exclusively sold 5130-5134 Roosevelt Ave. in the Sunnyside neighborhood in an all cash transaction valued at $3.58 million.

Manhattan, NY The International Secret Brokers Society sales and leasing team of Joseph Aquino, president of JAACRES, and Lynn San Andres, president of The Mason Alexander Group has leased Charleston Shoe Co. their 1,200 s/f store at 1393 Avenue of the Americas at West 57th St.  

Brooklyn, NY GFI Realty Services, LLC completed the $15.5-million sale of 2261 Ocean Avenue, a six-story, 54-unit apartment building in the Madison neighborhood.

Manhattan, NY Adelaide Polsinelli, vice chair of Compass, has closed on the off-market, re-sale of three retail condos consisting of 2,500 s/f at 262-272 Mott St., in the Nolita neighborhood for $7.35 million, just under $3,000 per s/f.

My law firm has 21 offices located across this land of OZ. We are working intensely on many projects throughout the country and are seeing many projects moving forward…

A question that arises in many 1031 exchanges is what costs can be paid from sale proceeds without resulting in taxable boot or potentially disqualifying the exchange?

Geneva, NY Governor Andrew Cuomo celebrated the expansion of the meal delivery company RealEats at 122 N. Genesee St. in Ontario County. As a result of support from the state, RealEats plans to immediately expand operations at their Geneva facility and create up to 400 new jobs over the next five years.

Manhattan, NY Goldenwood Property Advisors Group has been retained on an exclusive basis to arrange for the sale of 3966 10th Ave. in the Inwood neighborhood. The site is located on the corner of West 212th St. and 10th Ave.

Admittedly I have quite a few New Year’s resolutions, and if this first month is any indication, it will be a struggle to achieve them all, but I am off to a good start.

Carmel, NY According to Avison Young (AY), the firm has arranged the $3.2 million sale of a 12.75-acre development site located at 39 Seminary Hill Rd. in Putnam County. 

Manhattan, NY Shay Zach, formerly of EPIC Commercial Realty, (and now with Gaia Property Group), has sold a residential development site in the Upper East Side for $23 million. The site, located at 331-337 East 82nd St., is comprised of four vacant residential buildings. 

Rochester, NY SWBR, a multidisciplinary, award-winning design firm, is celebrating 50 years in business and a long tradition of design excellence. 

Manhattan, NY Meridian Capital Group arranged $68 million in financing for the Vitre condominium tower on behalf of Wonderworks Construction and their partners. The 24-month condo inventory loan is secured by this 48-unit development and was provided by a balance sheet lender and features full-term interest-only payments. This transaction was negotiated by Meridian senior managing directors Morris Betesh and Tamir Kazaz, and vice president, Alex Bailkin.

White Plains, NY The boards of directors of the Hudson Valley Economic Development Corporation (HVEDC) and the Westchester County Association (WCA) will pursue a merger of the two organizations, creating a leading economic development and business advocacy organization in New York State.

Hewlett Harbor, NY Gerald Morganstern, prominent New York commercial real estate attorney and industry leader, died Tuesday, January 29, at his home. He was 76 years old. Since 2014, Morganstern was partner at the New York law firm Goetz Fitzpatrick LLP, where he handled commercial and retail leasing of office, showroom, industrial and shopping centers and represented clients in the purchase, finance and sale of real estate. He also administered numerous estates and trusts.

New York, NY At the Real Estate Board of New York’s (REBNY) 123rd Annual Banquet on January 17th, New York City’s real estate industry gathered with city and state dignitaries to honor the professional and civic achievements

GeoData Plus is a real estate data provider for all 50 states, used by thousands of real estate practitioners including appraisers, brokers, lenders, and investors. It is best known as a provider of real estate comparables and its nationwide foreclosure database.

New York, NY After federal tax reform introduced the Opportunity Zone program in late 2017, a significant portion of the New York City real estate community evolved their investment strategies with an eye toward developing in these areas, according to GFI Realty Services’ most recent research report. The report, entitled The Land of Opportunity Zones, explains the various criteria that must be met by investors seeking to capitalize on the program, while detailing the growth of transaction activity and fund formation related to these areas. With interest in these opportunity zones increasing rapidly, the report notes, it is not surprising that, on a national level, sales of development sites in opportunity zones spiked by 80 percent in the first three quarters of 2018 when compared to the same period last year.