New York City

Gillis, Tortorici, Sozio, Agbaba and Mahfar of Ariel Property Advisors arrange $3.2 million sale

Manhattan, NY Ariel Property Advisors has facilitated the sale of 57 East 130th St., a newly-constructed multifamily building in East Harlem. The six-story elevatored property sold for $3.2 million, equating to $511 per s/f. 

O’Brien and Peters of M.C. O’Brien arrange $12.5 million Brooklyn sale

Brooklyn, NY M.C. O’Brien Inc. has brokered the sale a 48,000 s/f office building in the Marine Park section.

Levy of Adams & Co. reps landlord in two leases totaling 8,250 s/f

Manhattan, NY Adams & Company has signed 8,250 s/f on the 10th floor at 10 West 33rd St. in the Garment District. David Levy of Adams &a...

Dayan and Ben-Dayan of HSP negotiate $3.315 million sale

Manhattan, NY Jonata Dayan, executive vice president-condo/co-op sales, and Jonathan Ben-Dayan, director/leasing of HSP Real Estate Group, a...

Albert and Sternberg of Kaufman lease 8,000 s/f

NEW YORK, NY According to The Kaufman Org., Domio has signed a five-year, 8,000 s/f lease to expand its headquarters from 1460 Broadway to 9...

Mandell of GFP arranges two leases totaling 52,769 s/f

Manhattan, NY According to GFP Real Estate’s co-CEOs Brian Steinwurtzel and Eric Gural, the firm has arranged two leases totaling 52,7...

Opportunities got bigger in Northern Manhattan; Investing in “Economic Opportunity Zones” - by Michael Tortorici and David Baruch

The real estate community is increasingly buzzing about the potential of investing in new “Economic Opportunity Zones,” which were created through a provision added by Senators Corey Booker and Tim Scott to the federal government’s Tax Cuts and Jobs Act (TCJA) of 2017.

Opportunity Zone program vs. a 1031 exchange:
Understanding the risks and benefits of each - by Michael Packman

There’s been a lot of buzz lately around Opportunity Zones and the qualified funds that must be set up in order to invest in them. The Opportunity Zone program was created by the Tax Cuts and Jobs Act of 2017. 

It’s “Pumpkin Spice” latte season – Time to file a petition
for NYC real estate tax assessment protest - by Peter Blond

It’s “Pumpkin Spice” latte time, which also means it’s time to file a supreme court petition for your unresolved New York City real estate tax assessment protest. 

NYWCC honors 10 ladies at Women of Excellence Awards;
Also celebrated “Sweet 16” anniversary

New York, NY On September 14th, The New York Women’s Chamber of Commerce (NYWCC) honored the accomplishments of 10 women and those who support them at its annual Women of Excellence awards ceremony, then cheered the NYWCC’s own milestone moment: its “Sweet 16” anniversary.