News: Brokerage

Sutton Real Estate Company, LLC completes three transactions totaling $760,000

Andrea Bucci of Sutton Real Estate Company brokered the $395,000 sale of 1843 Butternut Ave. and 3301 Burnet Ave. The two 6-unit buildings are comprised of 2 one-bedrooms and 4 two-bedrooms, each well maintained and 100% occupied. Bucci worked with Andy Devorsetz of Upstate Brokerage, the listing agent. The sale was financed by Empower Federal Credit Union. Bucci also completed the $365,000 sale of 4184 Longbranch Rd. in Liverpool with Marty Merola of Sutton Real Estate. The 8-unit building is comprised of all 2-bedroom apartments. The seller was Skytop Realty, LLC and financing was provided by Visions FCU.
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Columns and Thought Leadership
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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
Strategic pause - by Shallini Mehra and Chirag Doshi

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
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,