News:
Brokerage
Posted: June 28, 2022
Sherman of Baseline RE completes $5.1 million sale
Brooklyn, NY Michael Sherman, founder of Baseline Real Estate Advisors has completed the sale of 200, 202 and 204 Calyer St. The properties sold as a 3 building package and the purchase price was $5.1 million. The properties contained 15 units. This was the first sale of the properties in over 50 years.
The sale price equates to $340,000 per unit and $454 per s/f. Sherman represented the purchaser, while the seller was represented by Michael Zaccaria of Triple Mint.
“We were pleased to find a buyer in a 1031 exchange who was looking to add to his portfolio in one of the most sought after neighborhoods in Brooklyn” said Sherman.
Tags:
Brokerage
MORE FROM Brokerage
SCRE expands Brooklyn family retail sector through dual closings
Brooklyn, NY Saugatuck Commercial Real Estate (SCRE) has finalized two retail leasing transactions targeting family-oriented services. Both long-term leases were brokered by Erika Tulsi, Licensed Real Estate Associate at SCRE.
Quick Hits
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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
.gif)
September Promotion
