Category: Brokerage

Manhattan, NY Alan Stenson of New York City based investment sales brokerage firm Brax Realty has completed the sale of 228 East 25th St. in Kips Bay for $4.4 million

Manhattan, NY Goulston & Storrs, an Am Law 200 firm, announced that it is relocating its New York office to 730 Third Ave. on August 1, 2023. The move will increase the firm’s office footprint to 30,000 s/f (up from 25,000) to accommodate Goulston & Storrs’ growing headcount and continued expansion plans. The firm signed a ten-year lease, with renewal options

Michael Ferrara and Alan Stenson of New York City based investment sales brokerage firm Brax Realty has completed the sale of 305 East 21st St. in Gramercy for $8 million. The 50’ wide, +/- 21,356 s/f apartment building was located between 2nd Ave. and 1st Ave. and had a total of 37 units. Ferrara and Stenson represented both the seller, a long term owner and also procured the purchaser, a private investor. This was the

Newburgh, NY Rhine Legacy Capital, a leading commercial real estate private lender, has successfully secured a bridge loan of $6.8875 million for the acquisition of a prominent industrial asset. The property, located at 392 North Montgomery St. has potential

The Real Estate Board of New York (REBNY) released a new analysis of Placer.ai location data for Manhattan office buildings. The report compares 2023 building visitations mid-week (Tuesday-Thursday) to Monday and Friday to prepandemic baselines

Queens, NY BHI has provided a $29.25 million loan to ZDJ Jamaica LLC. Funds from this loan will finance the construction of 138-45 Jamaica Ave. Upon completion, 138-45 Jamaica Ave. will be a seven-story ground-up mixed-use development

Manhattan, NY JLL said that Arcade Songs, the independent music publisher headed by multi-platinum, Grammy Award nominated songwriter and producer, Gregg Wattenberg, will relocate to the newly-developed 60 Charlton St. office building in the city’s Hudson Sq. neighborhood.

Brooklyn, NY National Equity Fund (NEF) has provided a $12.5 million loan to refinance a five-building portfolio through the NEF Workforce Housing Innovation Fund. The financing comes in partnership with Iris Holdings Group, a national affordable housing developer and operator

Brooklyn, NY Ariel Property Advisors (Ariel) negotiated the sale of a corner development site within an opportunity zone at 2251 Nostrand Ave. to CAVU Property Group for $12.8 million, or $170.66 per s/f. The property, previously owned by The Jackson Group, offers 75,000 buildable s/f

Manhattan, NY GFP Real Estate, LLC said that luxury fashion house AMSALE has signed a 10-year lease extension for its existing 12,500 s/f of space — the entire 12th floor — at 318 West 39th St. in the Garment District.

Purchase, NY The commercial division of Houlihan Lawrence brokered the sale of a seven-acre working horse farm at 120 Cottage Ave. for $5.6 million. Teresa Marziano, who specializes in investment advisory and owner representation, represented the purchaser.

Manhattan, NY Rudin has finalized a five-year lease extension with West Publishing Corp. at 3 Times Sq., a 30-story tower in the final stages of redevelopment. A unit of Thomson Reuters, West Publishing Corp. produces an array of products geared to the legal,