News:
Brokerage
Posted: September 9, 2013
Silvershore Properties purchases Greenpoint building for $1.8 million
Silvershore Properties, which owns over 30 buildings in Manhattan, Brooklyn and Queens, has purchased 141 Meserole Ave. in Greenpoint for $1.8 million.
The 7,500 s/f, four-story, 1928 apartment building features eight apartments. It was the first sale of the building in 27 years.
"We closed within two business days of signing the contract," said Jason Silverstein, co-principal of Silvershore, along with David Shorenstein. "The seller wanted to close quickly and we did everything we could to satisfy his request."
Silvershore Properties is one of the most active buyers of investment properties in New York City, recently purchasing properties in Brooklyn Heights, Carroll Gardens, Boerum Hill, Park Slope and two buildings in Queens over the past few months.
Tags:
Brokerage
MORE FROM Brokerage
Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence
New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
Columns and Thought Leadership
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
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
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,
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
