News: Brokerage

Sutton Real Estate Company, LLC. brokers three sales totaling $1.7 million

27 Main Street - Camden, NY

 

517 Charles Avenue - Solvay, NY

 

Camden, NY Stephen Saleski of Sutton Real Estate Company, LLC brokered the sale of 27 Main St., a 12,000 s/f retail plaza, owned by the Bellinger Irrevocable Trust, which sold to 437 Liberty St. LLC for $556,000. There were no other brokers involved.

Saleski represented the sellers and Karen Cannata-LaRocca and Kristen Nave of Sutton represented the buyers, Mission Light Pentecostal Church in the sale of the Stanley B. Pennock VFW Post 2893 in Solvay. 517 Charles Ave. sold for $399,000.

Saleski and Daniel Krupke of Berkshire Hathaway CNY Realty represented the seller of 3736 State Rte. 13, a 48-acre vacant parcel in Pulaski, that sold to the Davidson Management Group, Inc. Patrick Agen of Pavia Real Estate represented the buyers. The sale price was $750,000.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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 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
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,