Category: Brokerage

Rhinebeck receives $6m grant for workforce housing community

Rhinebeck receives $6m grant for workforce housing community

October 11, 2022
Rhinebeck, NY The first workforce housing community being developed in the town has received a $6 million grant from Wells Manor Housing Development Fund Corp. Located in Dutchess County, about 100 miles north of New York City, The Hamlet at Rhinebeck, an 80-unit workforce
Scheer and Seelenfreund of Cleeman Realty Group arrange $3.2m off-market sale of South Plaza

Scheer and Seelenfreund of Cleeman Realty Group arrange $3.2m off-market sale of South Plaza

October 11, 2022
Norwich, NY Cleeman Realty Group brokered the off-market sale of South Plaza. The 141,402 s/f shopping center was 56% occupied at the time of closing and features a lineup of national tenants including Tractor Supply Company, Dollar General, and Aaron’s. The
Gantry arranges $91.3 million of northeast commercial mortgage financing - for multifamily, self storage, and office assets

Gantry arranges $91.3 million of northeast commercial mortgage financing - for multifamily, self sto...

October 11, 2022
Buffalo, NY Gantry has arranged $91.3 million of commercial mortgage financing secured for multifamily, self storage, and office assets located in various Northeast submarkets and Texas. The loans include financing for a new construction project and several permanent,
Schuckman Realty brokers two sales for $11.671 million

Schuckman Realty brokers two sales for $11.671 million

October 11, 2022
Queens, NY Schuckman Realty brokered the sale of a single-tenant net leased Citibank located at 121-11 Liberty Ave., South Richmond Hill. The building which is located on the northeast corner of Liberty Ave. and 121st St. features
Lingua Franca signs 3,437 s/f lease at  307 West 36th St.

Lingua Franca signs 3,437 s/f lease at 307 West 36th St.

October 11, 2022
New York, NY GFP Real Estate, LLC signed Lingua Franca NYC Inc., to a short-term lease for 3,437 s/f on the fifth floor of 307 W. 36th St. in the city’s Garment District
118-unit Barbara Faron Residence being built in Far Rockaway

118-unit Barbara Faron Residence being built in Far Rockaway

October 11, 2022
Queens, NY Federation of Organizations currently has a nine-story, 118-unit affordable housing development under construction in Far Rockaway. The property, which will be named the Barbara Faron Residence, is located at 20-50 Nameoke Ave. and is expected to be completed
Renshaw of B+E receives CREW Network award

Renshaw of B+E receives CREW Network award

October 11, 2022
New York, NY B+E CEO Camille Renshaw is the 2022 Entrepreneurial Spirit Impact Award recipient, as named by CREW New York, a segment of the premier business network dedicated to transforming the commercial real estate industry by advancing women globally.
Ariel Property Advisors arranges $12.1 million sale of 87,899 s/f multifamily portfolio at 818-862 Beck St. in Longwood

Ariel Property Advisors arranges $12.1 million sale of 87,899 s/f multifamily portfolio at 818-862 B...

October 11, 2022
Bronx, NY Ariel Property Advisors has arranged the sale of a 10-building, 87,899 s/f multifamily portfolio at 818-862 Beck St. in the Longwood section of the borough. The Beck St. portfolio sold for $12.1 million, which translates to $144,047 per unit,
INCOCO partners with Tavros Holdings to acquire two investment properties for a total of $224.9 million

INCOCO partners with Tavros Holdings to acquire two investment properties for a total of $224.9 mill...

October 11, 2022
New York, NY INCOCO CAPITAL, LLC (INCOCO) has expanded its real estate investment platform in the United States with two market-leading investments. The company partnered with Tavros Holdings, LLC (Tavros) to acquire a development site located at 24-19 Jackson Ave. in the Court Sq.
Polsinelli of Compass sells 11,000 s/f retail condo at 380 Columbus Ave.

Polsinelli of Compass sells 11,000 s/f retail condo at 380 Columbus Ave.

October 11, 2022
New York, NY Adelaide Polsinelli, vice chairman of Compass, has sold the 11,000 s/f, retail condo with 100 ft. of wraparound frontage, at 380 Columbus Ave., also known as 101 West 78th St., on the northwest corner of 78th
Penn Station, transit oriented development and  the looming threat of eminent domain, part 2 - by Jennifer Polovetsky

Penn Station, transit oriented development and the looming threat of eminent domain, part 2 - by Je...

October 11, 2022
Owners and business tenants are entitled to separate condemnation awards (see Rose v. State, 24 N.Y.2d 80 (1969)). Property owners are entitled to an award for the value of their real estate based upon a highest and best use analysis, while business tenants are entitled to a separate award for their
Yonkers IDA votes preliminary and final approvals for new developments

Yonkers IDA votes preliminary and final approvals for new developments

October 11, 2022
Yonkers, NY The Yonkers Industrial Development Agency (YIDA) voted preliminary and final approvals of financial incentives for new residential and commercial projects representing a total private investment of $182.2 million. The developments are projected to create more