Bronx, NY Klosed Properties has acquired 2320 Hughes Ave., a 7,250 s/f corner mixed-use building in the Belmont neighborhood for $1.875 million.
Manhattan, NY According to JAM Real Estate Partners, the firm has closed on the sale of 345 East 33rd St. The building, located between First and Second Avenues of the Murray Hill Neighborhood, sold for $11.2 million.
Manhattan, NY According to Benchmark Real Estate Group, it paid Renaissance Properties $21 million for a six-story mixed-use building in the West Village. Aaron Jungreis of Rosewood Realty Group brokered the transaction…
Fulton, NY BellCornerstone has completed the sale of 607 Phillips St., containing 123,042 s/f, for $4 million.
Bronx, NY Klosed Properties has entered a 1031 exchange for $3.15 million. They have sold 2809 3rd Ave., a 7,250 s/f mixed-use building, consisting of retail (leased to Popeye's) and six apartments, in the Mott Haven neighborhood. The firm is looking to acquire well-located value-add mixed-use, multifamily and retail in Manhattan, Brooklyn, the Bronx, and Queens with a minimum five units. The firm has until February 28th, 2019 to identify one or more properties.
New York, NY According to media sources, Amazon has decided to not move forward with its plans to build a headquarters in Long Island City.
Full Amazon Statement:
"After much thought and deliberation, we've decided not to move forward with our plans to…"
Talk of Opportunity Zones (OZs) is omnipresent throughout the commercial real estate community, especially in Upstate New York. The federal program, which was officially launched in 2017, encourages economic development in…
Rochester, NY The Upstate New York Chapter of the Appraisal Institute will have an active education calendar for real estate appraisers again in 2019 for continuing education(CE) with seven seminars.
Manhattan, NY Shay Zach, formerly of EPIC Commercial Realty, (and now with Gaia Property Group), has sold a residential development site in the Upper East Side for $23 million. The site, located at 331-337 East 82nd St., is comprised of four vacant residential buildings.
White Plains, NY The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, presented a check for $3,000 to Drug Crisis in Our Backyard, based in Carmel but serving the Hudson Valley.
