News:
Brokerage
Posted: May 12, 2014
Senack Real Estate arranges five sales totaling $7.593 million
Senack Real Estate arranged the following sales totaling $7.593 million:
* The sale of 227 Albany Ave. in the Crown Heights section of the borough.
The three-story walk-up is comprised of 4 apartments and 3 stores and was sold for $975,000.
* The sale of 167 Irving Ave. in the Bushwick section of the borough.
The three-story walk-up is comprised of 6 units and was sold for $1.368 million.
* The sale of 592-594 Wyona St. in the East New York section of the borough.
Two adjacent three-story walk-ups comprised of 12 units and was sold for $975,000.
* The sale of 273 Halsey St. in the Bed-Stuy section of the borough.
The four-story walk-up is comprised of 8 apartments and the selling price was $2.15 million.
* The sale of 765 Macdonough St. in the Bed-Stuy area of the borough.
The four-story walk-up is comprised of 16 apartments and was sold for $2.125 million. Gary Senack represented the seller Aaron Kagan and the purchaser.
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Quick Hits
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
