Forchelli Deegan Terrana LLP (“FDT”) has welcomed Cheryl Katz-Erato as a partner in the firm’s Tax, Trusts & Estates practice group. Her practice includes trusts and estates litigation, estate
Manhattan, NY Jim Mann and Wells Newell of Friedman-Roth Realty Services have brokered the sale of 405 West 45th St. The building has 30 apartments with 20 free market and 10 rent stabilized units. The deal closed at a price of $8.5 million or $400 per s/f, with an approximate 6% cap rate and a gross rent multiple of 10. The seller purchased the property in 1998
White Plains, NY On Sunday, March 26th, the Breakfast Club Group, a network of real estate professionals, donated three Dell laptops to area students to help further their studies and contribute to their available educational resources. The Board of First Baptist Church of White Plains in conjunction with Misión Bautista Hispana
Amherst, NY Jack Phillips, principal at The Largo Group of Companies, secured $28 million to refinance the existing debt and closing costs on a 350,000 s/f office property across eight buildings. The property has maintained consistent historical performance
Elmira, NY The Kislak Company, Inc. negotiated the sale of Woodland Apartments, a 58-unit complex at 1833 West Water St. for $2.83 million. Kislak marketed the property on behalf of the seller, Resko-Phil Partnership Elmira, with senior vice president Daniel Lanni handling the assignment.
Queens, NY The Corbin Group at Rosewood Realty has delivered a Chapter-11 bankruptcy sale of a stalled construction development site in Long Island City for $14.12 million. The buyer’s plan for the site at 25-16 37th Ave. calls for building 38
Manhattan, NY Rockabill Development and Goddard Riverside have closed on $38 million in financing to transform an illegal transient hotel on the Upper West Side into permanent supportive housing to serve single adults with a history of chronic homelessness.
The latest phase of New York City’s economic recovery has shown how vital the real estate industry is for the region’s vibrancy. Thanks to the hard work of thousands of real estate professionals, New York City continues to be an attractive place to live and work.
Troy, NY Rosenblum Development Corp. has been selected as a winner of a $1 million award in Round Three of the Buildings of Excellence Competition, administered by the New York State Energy Research and Development Authority (NYSERDA), for the development of a net-zero emitting
Binghamton, NY Leadership Alliance CEO, Stacey Duncan, has been named a recipient of City & State New York’s 2023 Above & Beyond Award. City & State is a media organization dedicated to covering New York’s local and state politics and policy providing in-depth,