New York City

Nowak, McGuckin and Brennan of Marcus & Millichap broker $2.925 million sale of 15,000 s/f property

Brooklyn, NY Marcus & Millichap has completed the sale of 820-836 Glenmore Ave., a 15,000 s/f net-leased property, according to John Hor...

Tse of Exit Realty arranges $2.28 million sale of 7,040 s/f multifamily; Part of a 1031 exchange for a $3.718 million sale

Brooklyn, NY Exit Realty Professionals has completed the sale of a 7,040 s/f multifamily property located at 549 51st St. The sale price was...

Saidian of Capital Property Partners brokers $12.15 million Long Island City sale

Queens, NY Long Island City developer Shahram Nassi has closed on the sale of a vacant warehouse located at 47-33 5th St. Nassi, who has a large portfolio in Long Island City including condo projects and rentals located at 47-05 5th St. and 47-27 5th St. and 5-18 and 5-20 51st Ave., bought this property for $12.15 million. 

Sozio, Shkury, Tortorici and Greshin of Ariel broker $14.175 million sale; Sold a 53-unit, six-story building in Flushing

Queens, NY Ariel Property Advisors has facilitated the sale of 143-48 41st Ave., a large multifamily building in Flushing. The six-story pro...

Houlihan Parnes sells Bronx surface parking lot

Bronx NY According to Bryan Houlihan and James Houlihan of Houlihan-Parnes Realtors, LLC, the surface parking lot located at 2519-2525 Creston Ave., facing St. James Park has sold.

SL Green promotes Piccinich to chief operating officer; Was previously executive vice president of operations & construction

New York, NY According to SL Green Realty Corp., EdwardPiccinich has been promoted to the position of COO, effective January 1st. He was pre...

Berg joins the New York team at AmTrust Title Insurance Copany

New York, NY According to AmTrust Title Insurance Company, Suzanne Berg, an accomplished title insurance expert, with 25 years of experience...

New York City’s annual Notice of Property Value: Taxpayer aggravation and uncertainty linger - by Peter Blond

President Trump arrived in January of 2017, but the January 2018 arrival of his Federal tax plan could pop his own New York real estate bubble. Whether you seemingly benefit from the plan or not, data suggests it’s a financial negative for New York

Tax reform looks favorably on real estate investors by leaving 1031 exchanges intact - by Michael Packman and Brian Sidman

The tax reform looked favorably on real estate investors by leaving section 1031 intact. For many years, utilizing Internal Revenue Code Section 1031 to exchange one property for a replacement property, in turn deferring the capital gains has been a cornerstone of real estate investing.

NYS Self Storage Association holds 11th annual “Investment Forum” at Union League Club - by Nick Malagisi

The NYS Self Storage Association, in partnership with the National Self Storage Association, held its 11th annual “Investment Forum” this month at the Union League Club venue in New York City. This is a national self storage conference intended for the real estate and capital markets professionals in our industry who represent companies from across the nation.