Category: Brokerage
Bestreich Realty Group closes two deals totaling $8.55 million
August 18, 2020
Brooklyn, NY Bestreich Realty Group (BRG) closed the following: The $4.55 million sale of 181 Court St. in the Boreum Hill neighborhood. This 6,780 s/f mixed-use property consists of six apartments and
Alpha Realty brokers off-market sale – $8.55 million
August 18, 2020
Brooklyn, NY Alpha Realty brokered the sale of 1675 Ocean Avenue, in the Midwood neighborhood. The six-story elevator property consists of 48 apartments and two offices, totaling 54,000 s/f. The property traded for $8.55 million.
CPC and Ocean Towers Partners refinance 360 units – $48 million
August 18, 2020
Brooklyn, NY According to CPC Mortgage Co., a subsidiary of The Community Preservation Corp., and Ocean Towers Partners LLC, a joint venture between Proto Property Services, LLC and the Community Development Trust (CDT), closed a
GAIA Real Estate signs 53,222 s/f office and retail lease with Englewood Health; CBRE is broker
August 18, 2020
Jersey City, NJ GAIA Real Estate has signed a 53,222 s/f office and retail lease at 2 Journal Sq. with Englewood Health that will bring increased access to healthcare and help meet the needs of the city’s Journal Sq. neighborhood.
Proposed Section 1031 regulations define ‘real property’ for purposes of like-kind exchanges - b...
August 18, 2020
The 2017 Tax Cuts and Jobs Act (TCJA) repealed like-kind exchanges (Section 1031) for all other types of property that are not real property. As a result of the changes introduced in the TCJA, exactly what is considered real property has taken on
Public Relations: Preparing for the new normal - by Harry Zlokower
August 18, 2020
As New York slowly transitions from crisis to what experts believe will be the new normal, some experts are anticipating significantly more remote work, re-shaping of offices and accompanying behavior to include sanitizing, temperature
Suffolk IDA preliminarily approves Spectronics Corp. acquisition/renovation of two Melville properti...
August 18, 2020
Melville, NY The Suffolk County Industrial Development Agency (SCIDA) has preliminarily approved a transaction to assist Spectronics Corp. in acquiring and renovating an existing 24,244 s/f building located at 135 Maxess Rd. and
When will business come back? Some advice from an experienced NYC broker - by Joseph Aquino
August 18, 2020
A property owner might hope that the real estate situation in New York might return to near-normal by the end of this year, but it might be safer to assume that the recovery will take much longer. In the latter case, you might want to
10 things to know about renovations during the COVID Pandemic - by C. Jaye Berger
August 18, 2020
As the shock and haze from the onset of the pandemic is starting to lift a bit in New York, people are starting to think once again about renovations. It is interesting to see how attitudes have changed from before the pandemic to now.
K & R Preservation acquires 581-unit affordable housing complex in Brooklyn for $79 million
August 18, 2020
Brooklyn, NY K & R Preservation, a New York City-based affordable housing development firm owned and operated by its principals Francine Kellman and Brian Raddock, completed the acquisition of Spring Creek Gardens Apartments,
Funiciello of JF Real Estate leases 3,146 s/f to Prime Time Marketing
August 18, 2020
Liverpool, NY According to JF Real Estate, Prime Time Marketing (PTM) has leased 3,146 s/f at 890 Seventh North St. The property is owned by FRW Properties LLC.
Section 199A rental real estate safe harbor rule: The rules continue to evolve - by Sandy Klein
August 18, 2020
For the purposes of the qualified business income deduction (QBID), the Internal Revenue Code and proposed regulations issued in August did not make clear if rental real estate is a trade or business and, therefore, whether it qualifies for
Trending Stories
Quick Hits
.gif)
August Promotion
