News: Brokerage

Silverstein and Shorenstein of Silvershore Properties acquires two new buildings in Brooklyn for $3.07 million

Silvershore Properties, one of the most active mid-market investors in Manhattan and Brooklyn, purchased two Brooklyn buildings in Boerum Hill and Bushwick to add to the firm's growing portfolio. * 208 Hoyt Street in Boerum Hill, a 3,500 s/f corner mixed-use building, purchased for $1.72 million. * 590 Bushwick Avenue in Bushwick, a 5,500 s/f. corner mixed use building, purchased for $1.35 million. "We are heavily focused on Brooklyn," said Silvershore co-principal Jason Silverstein. "We will be very aggressive on any opportunity presented to us." Year to date, Silvershore has spent $60 million on over 20 purchases throughout New York City. "From small buildings to large apartment buildings, we want to acquire as many properties as possible," said Silvershore co-principal David Shorenstein. No other brokers were involved in the deals.
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Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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,

Strategic pause - by Shallini Mehra and Chirag Doshi

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