Sparks and Antebi of GFI Realty Services brokers $16.7 million sale of two Bronx buildings

GFI Realty Services has completed the sale of two Pelham Pwy. buildings, 2197-2199 Cruger Ave. and 2198 Cruger Ave. for $16.7 million. Both buildings are six-story elevator buildings, totaling 149 apartment units and three professional offices. The buildings are 168,000 s/f. Matthew Sparks and Shlomo Antebi, senior brokers at GFI Realty Services represented both parties. "Our buyer was looking to upgrade and stabilize his Bronx portfolio," said Sparks. "The seller was looking to redeploy their capital, so the two were a perfect fit. GFI brokered the transaction quickly and seamlessly for both the buyer and seller."

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AmTrustRE completes $211m acquisition of 260 Madison Ave.

Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring

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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

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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,

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The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account