Bronx, NY Ariel Property Advisors (Ariel) arranged the sale of the Concord Ave. assemblage, a large-scale development site offering 75,750 s/f at 431-439 Concord Ave. in the Mott Haven section of the city. The site sold for $4.9 million.
Queens, NY Bayport Funding provided a $4 million acquisition and construction loan for the development of a four-story mixed-use building in Ozone Park. The property will comprise nearly 10,000 s/f, 8,600 s/f of which will be designated as residential space, with the remaining 1,400 s/f as retail.
Manhattan, NY Rosewood Realty Group negotiated the $36.5 million sale of 159-161 West 54
th St., a 15-story, mixed-use building on the corner of West 54
th and Seventh Ave. in Hell’s Kitchen. Rosewood Realty’s Aaron Jungreis, Ben Khakshoor and Alex Fuchs represented the buyer, Duc Huang,
Manhattan, NY The Real Estate Board of New York (REBNY), named winners for its annual Retail Deal of the Year Awards at a ceremony and cocktail party held on September 13
th. In its 25
th year, the event attracted 150 members and guests, and was held at The Starbucks Reserve Roastery
Brooklyn, NY A European co-living fund purchased 1362 Pacific St., a vacant four-story 3,600 s/f brownstone in Crown Heights. The building was sold with DOB approved plans to expand the building horizontally and extend it in the rear.
Uniondale, NY Forchelli Deegan Terrana LLP (FDT) welcomes Gregory Kalnitsky to the firm’s land use & zoning practice group as a partner. He previously held the following local government positions: acting corporation counsel of Long Beach and city attorney of Glen Cove.
Manhattan, NY Newmark Retail said the firm has secured a new lease for The Fantastic World of Portuguese Sardine’s first U.S. flagship at Two Times Sq. The brand, operated by Comur Corp., signed a long-term lease to occupy the space on the Southeast Corner of Broadway and West
Garden City, NY Best Lawyers in America has recognized 11 Moritt Hock & Hamroff lawyers in its 2024 edition. Four lawyers were included in The Best Lawyers in America and seven lawyers were included in The Best Lawyers: Ones to Watch in America.
Manhattan, NY Avison Young has arranged a 99-year long-term ground lease at 301-307 Third Ave. on behalf of Snake River Development, who is managed by BNS Real Estate. The value of the long-term lease is estimated at $21.5 million, which equates to $300 per zoning floor area (ZFA),
Local Law 97 is one of the most ambitious plans for reducing emissions in the nation. Local Law 97 was included in the Climate Mobilization Act, passed by the City Council in April 2019 as part of then mayor De Blasio’s NYC Green New Deal. Buildings are responsible for about 70% of NYC’s greenhouse gas emissions,
