News: Brokerage

Senack Real Estate handles six Brooklyn sales totaling $12.87 million

Senack Real Estate has completed the following six sales totaling $12.87 million: * 654 St. Marks Ave.: The six-story elevatored apartment building is comprised of 30 units and was sold for $3.5 million. * 271 Sullivan Place: The four-story walk-up apartment building is comprised of 23 units and was sold for $2.1 million. * 1454 & 1456 Greene Ave.: The two four-story walk-up apartment buildings are comprised of 12 units and were sold for $1.45 million. * 2156 Cortelyou Rd.: The four-story walk-up apartment building is comprised of 12 units and was sold for $1.395 million. * 1791 New York Ave.: The four-story apartment building is comprised of 15 units and was sold for $1.625 million. * 651 E. 2nd St. and 1221 60th St.: These two four-story walk-up apartment buildings consist of 16 units each and were sold for $2.8 million.
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Columns and Thought Leadership
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,
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