Category: Brokerage
Deregulating a rent stabilized property by “Substantial Rehabilitation” - by Steven Kirkpatrick
December 26, 2023
Following enactment of the Housing Stability and Tenant Protection Act of 2019 (HSTPA), “substantial rehabilitation” is one of the only remaining ways that an owner can deregulate a rent stabilized building. The scope of work required for a substantial rehabilitation is essentially a gut renovation
Perlman of Largo Capital secures mortgage to finance the acquisition of an 84-key Marriott
December 26, 2023
Finger Lakes, NY Ned Perlman of Largo Capital secured a long-term permanent first mortgage to finance the acquisition of an 84-key Marriott Fairfield Inn and Suites hotel. This area is known
Coscia of Largo secures mortgage to refinance multi-family property
December 26, 2023
Depew, NY Kevin Coscia of Largo Real Estate Advisors, Inc. secured a permanent first mortgage to refinance the existing debt on a multi-family property. The property features 70 newly developed residential units equipped with modern finishes
Investment Property Realty Group brokers four sales totaling $7.185 million
December 12, 2023
Brooklyn, NY Investment Property Realty Group (IPRG) negotiated four sale transactions totaling $7.185 million. IPRG brokered the sale of 75 Calyer St. in Greenpoint for $3 million. This property is located between West and Franklin Sts. The lot is 24.42 ft. x 100 ft.
ABS Partners Real Estate leases 14,875 s/f
at 915 Broadway
December 12, 2023
Manhattan, NY Two new tenants have leased space at the fully renovated 915 Bdwy., said Gregg Schenker, president/co-managing partner in ABS Partners Real Estate, which manages and leases the building. The new tenants are: Stanford University, which has leased 5,885 s/f on the 18th floor
Wells Fargo plans 445,000 s/f
expansion at Hudson Yards
December 12, 2023
Manhattan, NY Wells Fargo has released its formal plans to expand its Hudson Yards office footprint and create a better, more collaborative employee experience with the purchase of additional space at Hudson Yards. This transaction
Rudin completes headquarters expansion
with Davis & Gilbert
December 12, 2023
Manhattan, NY According to Rudin, Davis & Gilbert LLP is growing its headquarters at 1675 Bdwy., a 35-story, 800,000 s/f office tower in Midtown. Davis & Gilbert has occupied 86,102 s/f across the building’s 31st through 34th floors and a portion of the 35th floor since 2019.
L&L Holding Company secures full floor lease with Payoneer at 195 Broadway
December 12, 2023
Manhattan, NY L&L Holding Company has finalized an agreement with the financial technology firm Payoneer to relocate its headquarters to 195 Bdwy., its class A office building in Lower Manhattan.
Eberz of CBRE Upstate NY brokers $4.5 million sale of 98,090 s/f industrial building - 100 Gemcor D...
December 12, 2023
West Seneca, NY CBRE Upstate NY negotiated the $4.5 million sale of the 98,090 s/f industrial property at 100 Gemcor Dr. CBRE Upstate NY’s Lida Eberz represented Gemcor Automation LLC in the disposition of the manufacturing facility
Cleeman Realty Group arranges $20.75 million sale of Mid City Plaza
December 12, 2023
North Tonawanda, NY Cleeman Realty Group brokered the $20.75 million sale of Mid City Plaza. The 210,081 s/f shopping center is anchored by a Tops Market grocery store and is on a 24.73 acre lot. The grocery store recently underwent a nearly $3 million renovation to the interior
Café Boulud New York now accepting reservations for dining starting December 14
December 12, 2023
Manhattan, NY Chef Daniel Boulud said that reservations at his new Upper East Side institution, Café Boulud, are now available on Resy. The restaurant will reopen its doors on December 14 in a new location, 100 E 63rd St.
Development Site Advisors brokers $21 million sale of 18,756 s/f development site for The Rowan II
December 12, 2023
Queens, NY In a $21 million all-cash deal, commercial real estate exclusive brokers Development Site Advisors has arranged the sale a 18,756 s/f development site assemblage in Astoria, according to Development Site Advisors managing
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