Category: Brokerage
Outside the Region: Raich Ende Malter establishes new presence in Florida; Roer to lead expansion
September 3, 2019
Hollywood, FL According to New York metropolitan area accounting and consulting firm Raich Ende Malter & Co. LLP,. (REM) one of its partners has relocated its tax advisory–wealth preservation practices to Florida. David Roer, CPA, MST, will be leading REM’s expansion
One sale, two tax breaks: How to use sections 121 and 1031 together - by Pamela Michaels
September 3, 2019
In and around New York City and in the Northeast generally, many property owners occupy property which is partially used as their primary residence and partially used for their business or as rental property. Examples of this abound on the Upper West and East Sides of the city where historic townhomes have been
MacClarence, MacAffer and Mangini of CBRE-Albany collaborate to sell Guilderland retail building for...
September 3, 2019
Guilderland, NY CBRE-Albany completed the sale of 1438 Western Ave. This is the former Passonno Paints retail store at the intersection of McKown Rd. which is a 3,860 s/f building on a one-acre site.
September message from the president of NYSCAR’s Upstate chapter - by Guy Blake
September 1, 2019
With Fall quickly approaching, it’s time to think about signing up for committees and nominations for Realtor of the Year (ROTY). This program is to recognize an outstanding active member of the New York State Commercial Association of Realtors for 2019.
Parker, Gillen, and Tambor of Hodges Ward Elliott represent Related Companies in $36 million sale
August 20, 2019
Bronx, NY Hodges Ward Elliott arranged the $36 million sale of the 252-unit River Court and Gerard Court apartment complex located at 1065-1075 Gerard Ave. A Hodges Ward Elliot team comprised of Daniel Parker, Paul Gillen, and Ariel Tambor
M&T Bank Q&A: Today’s commercial real estate trends dominate Manhattan’s West Side
August 20, 2019
Commercial real estate is undergoing a shift. New properties are using smart technology like never before, and existing properties need to evolve to be more efficient for both owners and tenants. In New York City, the experts at M&T Bank...
Kontis and Amato of TEKRA broker $13.6 million development site sale; Represent seller and procure ...
August 20, 2019
Queens, NY TEK Realty Advisors LLC (TEKRA) has completed the sale of a development site located at 44-15 College Point Blvd. in Flushing. The property sold for $13.6 million or $478 per buildable s/f, above market average. Situated on the northeast corner of College Point Blvd. and Pople Ave.,
A lawyer discusses co-op and condo renovations: Where to start in the planning process? - by C. Jaye...
August 20, 2019
If you have just had the closing on a new co-op apartment and are planning to renovate, there are many things you will need to take care of before any actual work begins. A lot of this depends on the extent to which you are planning to renovate.
Sec. 199A: A new deduction for QBI from sole proprietorships and passthrough entities - by Sandy Kle...
August 20, 2019
The 2017 tax reform legislation, known as the Tax Cuts and Jobs Act, includes a new deduction for qualified business income (QBI) from sole proprietorships and passthrough entities such as LLCs, partnerships and S Corporation. Sec. 199A
Schenker and Hornstock of ABS close 99-year lease
August 20, 2019
Manhattan, NY ABS Partners Real Estate, East End Capital and AEW have closed on a new 99-year ground lease at 136 East 57th St., located in the Plaza District, according to Gregg Schenker and Steven Hornstock, of ABS Partners Real Estate, and Jonathon Yormak of East End Capital.
Cotsalas of NorthMarq arranges $4 million refinance
August 20, 2019
Brooklyn, NY Charles Cotsalas, senior VP/senior director of NorthMarq’s LI office arranged the $4 million cash-out refinance through a local bank of 66 Nassau Ave., a 8,799 s/f retail/residential property. The deal was structured as a 10-year fixed rate term of 4%, payable over a 25-year amortization schedule.
JLL completes two Brooklyn sales totaling $11.6 million
August 20, 2019
Brooklyn, NY JLL has arranged two sales totaling $11.6 million. In the first deal, JLL’s Brendan Maddigan and Stephen Palmese, vice chairmen; Winfield Clifford, Ethan Stanton, Michael Mazzara, managing directors; and Patrick Madigan, vice president, represented the seller in the
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