Centereach, NY Christopher Mayor and Lawrence Densen of Island Associates brokered a sale of a 3,500 s/f retail building at 2449 Middle Country Rd. The building, formerly occupied by the Bridal Suite, was sold to The Hindu Temple and Cultural Center of Long Island.
Brooklyn, NY Fetner Properties, in partnership with MCB Real Estate and Farallon Capital Management, made known the assumption of a ground lease and the acquisition of 240 Willoughby St., a residential rental building, offering 463 units, 147 of which
Brooklyn, NY Landair Property Advisors negotiated the sale of a two-story multifamily building at 365 Rutland Rd. in Prospect Lefferts Gardens for $2.1 million. The 3,712 s/f building, with four units, was built in 1931. The seller, Deborah Diaz and Anise Roberts,
The liability of the person appointed as a manager of a New York limited liability company is one of the more fraught and confusing areas of New York’s LLC law. First, the basics: LLC managers are liable to members of the LLC for their fraud and for breach of any
Manhattan, NY Robert Aaron of Horvath & Tremblay completed the sale of 29 Essex St., a 10-unit building, for $2.76 million. Situated in the Lower East Side neighborhood, 29 Essex St. is a five-story brick mixed-use investment property. The building contains two commercial units on the ground floor and eight,
Queens, NY Adirondack Capital Partners arranged the $16 million sale of 11-40 Borden Ave., a two-story, 36,000 s/f industrial property located in Long Island City. Chad Sinsheimer, partner at Adirondack Capital Partners, served as the exclusive broker to both the buyer and the seller in the all-cash transaction. The property was acquired by Terreno Realty
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Manhattan, NY Koeppel Rosen LLC said that Ardoq, Inc. has signed a new, 7,629 s/f office lease for the entire second floor of 443 Park Ave. South. “We welcome Ardoq to 443 Park Ave. South. The company was attracted to the fully built-out and furnished space, which allowed for a quick and seamless move-in,” said Max Koeppel
There is a misconception that only the ultra-wealthy can leverage the IRS tax code to reduce their taxes. One of the most powerful and accessible tools available to real estate investors is the 1031 exchange, a provision under §1031 of the Internal Revenue Code (IRC).
New York, NY JLL Capital Markets arranged $231 million in financing for a 43-property industrial outdoor storage (IOS) portfolio totalling 293 acres across 13 states. JLL worked on behalf of JIOS to secure the loan through Blackstone Real Estate Debt Strategies. JIOS is
