News: Brokerage

Smith of S&Z collaborates with Segal of Josh Segal for 42,000 s/f industrial building

Sholom & Zuckerbrot Realty LLC has arranged the sale of a 42,000 s/f industrial building in the Maspeth section of Queens, according to S&Z chairman Sanford Zuckerbrot. S&Z partner Larry Smith represented the seller, Manhattan Brass and Copper Co., which sold the property to Jeffrey Woo of Mong Chong Long Trading Co. for approximately $200 per s/f. The building is located at 56-17 49th Pl. "Mr. Woo is the owner of the popular Chinese supermarket chain, Hong Kong Supermarket, and this property is across the street from one of his stores," says Larry Smith, a principal of S&Z. "He intends to use the space as a food storage and distribution center after minor renovations, such as installing refrigeration and raising the ceiling height." Smith was the exclusive sales agent. Josh Segal of Josh Segal Realty LLC represented the buyer.
MORE FROM Brokerage

Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease

Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

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
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
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,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.