Silvershore Properties acquires five Brooklyn properties totaling $10.09 million
Brooklyn, NY Silvershore Properties, a New York-based company that acquires, repositions and develops multi-family rentals and mixed-use properties in Brooklyn, Manhattan and Queens, closed the following deals totaling $10.09 million:
• The sale of 808 Prospect Place in Crown Heights, Brooklyn for $4.85 million. This is a 15,735 s/f mixed-use building that features 19 units and five stores. It was built in 1900. It is a corner location with 95 feet of retail frontage on Nostrand Avenue. The seller is Spado Realty Corp., a local Brooklyn real estate company that rents, buys, sells and appraises real estate. There were no brokers on the deal.
• 318 Humboldt St. in Williamsburg, Brooklyn for $2.175 million. This is a 5,000 s/f building with seven apartments. It was built in 1900.
• 1207 Myrtle Ave in Bushwick, Brooklyn for $1.1 million. This is a 3,126 s/f building with two residential apartments and one store. It was built in 1900.
• 323 Chauncey St. in Bedford Stuyvesant, Brooklyn for $1.01 million. This is a 5,175 s/f building with six residential units. It was built in 1900.
• 737 Church Ave. in the Kensington Brooklyn for $960,000.This is a 3,300 s/f building with two apartments and one retail unit. It was built in 1900.
The company, founded by David Shorenstein and Jason Silverstein in 2009, presently owns about 70 properties, valued at $275 million — with 85% of them located in Brooklyn.
Manhattan, NY GFP Real Estate closed three office leasing transactions totaling 9,952 s/f at 322 Eighth Ave. in Chelsea, highlighting continued leasing momentum at the recently repositioned office
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
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
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.
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,