New York City

Sparks of GFI reps buyer in $11.9 million sale of two Staten Island buildings

Staten Island, NY GFI Realty Services, LLC completed the sale of 100 Belmont Pl. and 101 Daniel Low Terr., two six-story elevator apartment buildings occupying a single lot in the St. George neighborhood. The sale price was

LIHC Investment Group and Rockport Mortgage close $65 million financing

Manhattan, NY LIHC Investment Group and Rockport Mortgage Corp. closed a $65 million FHA Section 223(f) refinancing loan for Renwick Garden Apartments, a 224-unit subsidized Section 8 property supporting many elderly and

Friedman-Roth Realty broker two sales; includes $7.5m deal by Inglese and Haque

New York, NY According to Friedman-Roth Realty Services, the firm has completed two sales totaling $12.175 million. The sale of an East Village apartment building located at 17 East 7th St. The five-story walk-up includes

Lendlease, L+M secure Daiwa House as equity partner for 100 Claremont

Manhattan, NY Lendlease and L+M have brought on a new joint venture partner, Daiwa House Texas Inc., to create a new mixed-use development at 100 Claremont Avenue. The project, designed by

Black Bear Capital Partners arrange $62.019 million for FTERE

Bronx, NY According to Black Bear Capital Partners (BBCP), a real estate financial advisory firm and subsidiary of Black Bear Asset Management, it has arranged $62.019 million in permanent financing on behalf of

Nassimian of Highcap Group tapped to sell five-lot assemblage in Astoria 

Queens, NY Rodney Nassimian, investment sales associate of Manhattan based investment sales firm Highcap Group, has announced the exclusive listing for the sale of a five-lot assemblage in the Hallets Point neighborhood of Astoria.

When will business come back? Some advice from an experienced NYC broker - by Joseph Aquino

A property owner might hope that the real estate situation in New York might return to near-normal by the end of this year, but it might be safer to assume that the recovery will take much longer. In the latter case, you might want to

10 things to know about renovations during the COVID Pandemic - by C. Jaye Berger

As the shock and haze from the onset of the pandemic is starting to lift a bit in New York, people are starting to think once again about renovations. It is interesting to see how attitudes have changed from before the pandemic to now.

Section 199A rental real estate safe harbor rule: The rules continue to evolve - by Sandy Klein

For the purposes of the qualified business income deduction (QBID), the Internal Revenue Code and proposed regulations issued in August did not make clear if rental real estate is a trade or business and, therefore, whether it qualifies for

With possible change on the horizon, a bright spot amid COVID: The Delaware Statutory Trust (DST) - by Michael Packman

It certainly has been a wild year so far and continues to be in about every way possible. As I glanced out the window during a Zoom conference I was hosting this week, a couple of the trees on my property looked like they might end up