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.
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A fresh start - by Shallini Mehra and Amit Doshi

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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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,

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