New York City

Marks, Matheos and Rafter of TerraCRG reps seller in $3.725M sale of 17,600 s/f Brooklyn development site

Brooklyn, NY TerraCRG has completed the $3.725 million sale of 55-61 Summit St. – a 17,600 buildable s/f development site in the Columbia Street Waterfront District. Dan Marks, Peter Matheos and Mike Rafter of the TerraCRG team represented the seller.

Zamechansky of KZA brokers $7.25 million Bronx building sale

Bronx, NY Kathy Zamechansky, president of KZA Realty Group, Inc., has brokered a deal to sell an 11-story commercial building at 2021 Grand Concourse for $7.25 million. Built in 1927, the structure includes 59,292 s/f and a pharmacy on the ground floor.

Project of the Month: Marcal Group completes model residences at One Sixteen – An 86-unit condo building in Rockaways, Queens

Queens, NY The Marcal Group has completed the model residences in One Sixteen, an eight-story residential development under construction in the Rockaways that has been named one of N.Y.’s most anticipated new buildings. One Sixteen will...

Natter and Fuchs of Collaborative Group arrange $13 million sale in Manhattan

Manhattan, NY Collaborative Group’s Andrew Natter and Hal Fuchs represented both the buyer and seller in the $13 million sale of 1685-1687 1st Ave. The six-story, mixed-use walkup has 40-ft. of frontage on 1st Ave...

Housing Stability and Tenant Protection Act of 2019 and how it will change the landscape of NYC real estate - by Pierre Debbas and Steven Kirkpatrick

The Housing Stability and Tenant Protection Act of 2019 (Act) is the most sweeping change in rent regulation in NYC since rent regulation was adopted during WWII. It goes without saying that affordable housing is an important part of the social fabric of NYC; however, several changes....

Epstein of HSP leases 2,109 s/f to JGM Construstion

Manhattan, NY HSP Real Estate Group has arranged a five-year renewal lease for JGM Construction Development, LLC at 16 West 36th St., between Fifth and Sixth Aves. in the Penn Plaza district. JGM has occupied the 2,109 s/f

Squires, Fioravanti, Neustadter, Berniker and Soltan of Cushman & Wakefield complete $1.01 million sale

Bronx, NY Cushman & Wakefield has arranged the $1.01 million sale of 959 Cauldwell Ave., also known as 606 East 164th St., a 3,404 s/f church property in the Morrisania neighborhood. Cushman & Wakefield’s Jonathan Squires, Michael Fioravanti, Josh Neustadter, Addison Berniker...

Commercial vacancies inspire artistic and entrepreneurial collaborations and event facilities - by Aleksandra Scepanovic

Do you know any one grown-up who hasn’t shopped for and bought at least one item on the Internet in 2019? The likelihood that you do is incredibly slim. E-commerce is growing rapidly with companies like Amazon, eBay and Etsy leading the way. According to the U.S. Department of Commerce...

West Harlem’s real estate to reap rewards of Columbia University’s expansion and Taystee Building - by Orry Michael and Dusan Racic

Northern Manhattan has been a hotbed for commercial real estate investment in recent years, due largely to its relative affordability and the upside potential offered by many of its neighborhoods, such as West Harlem. With construction currently underway at the famed Taystee Building...

The self storage sector’s continuous growth spurt: Presenting challenges in acquisition and development - by Nick Malagisi

Nick Malagisi, SIOR, is the national director of self storage at SVN | Commercial Real Estate Advisors, Buffalo, N.Y. ...