News: Brokerage

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,