Manhattan, NY Schuckman Realty brokered the sale of a multi-family building at 215 West 109
th St., in the Manhattan Valley neighborhood. The building, which is located at the corner of Broadway and Amsterdam Ave. sold for $7 million.
Central Islip, NY ERG Commercial Real Estate, through an affiliate, arranged the funding of a $2.1 million refinance loan secured by two commercial strip shopping centers on Long Island. The single-story buildings at 861 & 889 Lowell Ave.
A 2018 column of mine for this publication outlined the basics of commercial leasehold condominiums but that article was limited to the use of an entire building by a not-for-profit (NFP) which leasehold interest was then submitted by the NFP to a condominium regime. This month I describe a more complex structure – how to get the benefits
The real estate industry throughout the country faces difficulty in many areas: higher mortgage rates, high inflation, and down trending stock market. The economy seems to be getting worse for professionals in our industry. With mortgage rates hitting 7% this week, we all have to earn and spend more to make developments
Bronx, NY According to Simone Development Companies, Shein Orthopaedics and law firm Peña & Kahn have both signed expansion and renewal leases at the firm’s Tower One at the Hutchinson Metro Center at 1250 Waters Place. Ownership was represented by Josh Gopan, Simone’s vice
If you walk through SoHo and Nolita these days, and observe the foot-traffic and the storefronts, you might ask, “What COVID?” The daily traffic has doubled compared to pre-COVID-19 levels and a whole new lineup of tenants has arrived in the past year. This reinforces my long-held theory, “If the property
Washington, D.C. Standard Communities has established three new, diversified business lines to build on its success of providing sustainable housing. The three dedicated business lines—acquisition/redevelopment, new construction and essential housing—will leverage and align the strengths
We have always heard that in life the only two things for certain are death and taxes. This may be true but the more accurate point regarding taxes is that there is constant change. In this article we will focus on a change impacting many and is now effective. The change involves the Excess Business Loss (EBL) limitation.
Many of the new residential buildings which have been constructed in recent years are condominiums. Given that fact, it is increasingly important for anyone thinking of buying a condominium unit and for anyone already living in a condominium to understand the unique aspects of the make up of a condominium association before embarking
Earlier last month I was getting ready for the biggest professional event of my 40+ year career. I had been working every day, for the prior six months on developing a dream CRE brokerage event, we called “MassimoCon”. My goal was to make it the greatest conference in the brokerage industry
