Category: Brokerage
February 2025 NYSCAR president’s message - by Robert Strell
February 11, 2025
The New York State Commercial Association of Realtors Board of Governors met on Tuesday, February 4, 2025 at the Crowne Plaza Desmond Hotel in Albany. The following officers were installed for 2025: Robert Strell, WNY, president; Mercedes Brien, Rochester, first vice president; Carolyn Vinci, WNY, second vice president;
2024 Upstate New York apartment market - by Brian Heine
February 11, 2025
Two recent high profile court cases illustrate the difficulties facing the real estate business in New York state. Robert Morgan of Rochester settled his long-running mortgage fraud case for $16.3 million and a single guilty plea while also admitting to no guilt or wrongdoing. The FBI had
Polsinellis of Compass Commercial sell
16,000 s/f retail condo for $16.5 million
February 11, 2025
Manhattan, NY Adelaide Polsinelli, vice chairman, and Trystan Polsinelli, senior executive director of Compass Commercial, negotiated the sale of a 16,000 s/f retail condo with 160 ft. of wraparound frontage located at 350 6th Ave., also known as 88 Washington Place, on the northeast corner of Sixth
Betesh and Bailkin of Arrow Real Estate arranges $42.9 million financing
February 11, 2025
Manhattan, NY Arrow Real Estate Advisors arranged $42.9 million in financing to refinance a multifamily property. The financing was provided by a balance sheet lender and was negotiated by managing partner, Morris Betesh, and senior vice president, Alex Bailkin, of Arrow Real
The Roebling Group leases 25,000 s/f to Patina Rentals
February 11, 2025
Yonkers, NY The Roebling Group brokered a 10-year lease of 25,000 s/f at 16 Harrison Ave. to Patina Rentals. Relocating from the Brooklyn Navy Yard, Patina Rentals selected this site for its affordability and proximity to New York City.
Merchants Capital provides $129.1 million for New York City Housing Authority PACT renovation projec...
February 11, 2025
Bronx, NY Merchants Capital provided $129.1 million in financing for the New York City Housing Authority (NYCHA) $419.6 million renovation of Boston Road Plaza, Boston Secor, and Middletown Plaza (BBM). The renovations will span three housing developments and
Maintaining an “A” is essential - by Shallini Mehra
February 11, 2025
Navigating the real estate scene continues to be no small feat for NYC multifamily landlords. The increasing costs from additional regulations, high interest rates and higher operating expenses continue to tighten the bottom line. When it comes to selling, the market demands nothing short of exceptional property management
Cresa arranges 10-year lease renewal for S. Rothschild at 1407 Broadway
February 11, 2025
Manhattan, NY Cresa managing principal Peter Sabesan and senior vice president Matthew Feigen have arranged a 10-year lease renewal for S. Rothschild at 1407 Broadway. The firm, which has manufactured men’s, women’s, and children’s luxury coats and outerwear for more than 135 years,
Resolution RE finishes 2024 with three back-to-back commercial condo sales
February 11, 2025
Manhattan, NY The commercial condo/co-op sales division of Resolution Real Estate, a member of NAI Global, said goodbye to 2024 with fourth quarter closings of a retail condominium at 5 East 16th St., and two office condominium sales at 32 West
ARD Capital Group closes $6.7 million refinance for 24-units
February 11, 2025
Brooklyn, NY ARD Capital Group, the capital advisory and brokerage firm headed by Simon Dilmanian, closed a $6.7 million refinance for a 24-unit multifamily property in Bushwick on behalf of clients Daniel Yaghoubi and Dr. Jeremy Nikfarjam.
Platinum Properties names new chief executive officer
February 11, 2025
Manhattan, NY Platinum Properties named co-founder and chief operating officer Dezireh Eyn has been named the company’s new chief executive officer. Co-founder Khashy Eyn, who has served as the firm’s chief executive officer since 2005,
Manhattan Skyline Management welcomes Empire Cake to 450 Sixth Ave.
February 11, 2025
Manhattan, NY According to Manhattan Skyline Management Corp., bakery Empire Cake has opened its second location at 450 Sixth Ave. between West 10th and West 11th Sts. in the West Village.
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