Category: Brokerage
Rosewood Realty Group brokers four sales totaling $107.69 million; Includes a $77 million sale of a ...
July 16, 2019
New York, NY Rosewood Realy Group has arranged four sales totaling $107.69 million in the NY metro area. In the first deal, Camber Property Group and Belveron Partners purchased a 400-unit apartment building in the Highbridge section of the Bronx for $77 million, with plans to bring all the units back to affordable housing.
Stewart, Biedron and Bell of Marcus & Millichap complete $9.5 million sale of five-story office buil...
July 16, 2019
Manhattan, NY Marcus & Millichap has completed the sale of a five-story office building located at 32 East 39th St., according to John Krueger, vice president and regional manager of the firm’s Manhattan office. John Stewart, Nicholas Biedron, and Stephen Bell...
Someck and Myers of Lee NYC sublease 20,800 s/f
July 16, 2019
Manhattan, NY Lee & Associates NYC (Lee NYC) has brokered two leases totaling 20,800 s/f. In the first lease, Dennis Someck, executive managing director/principal, and Justin Myers, senior managing director/principal, of Lee & Associates NYC represented the tenant, Ceros, in a seven-year...
The Housing Stability and Tenant Act of 2019 - by Andrew Dansker
July 16, 2019
The Housing Stability and Tenant Protection Act of 2019 which was passed by the NYS legislature on June 11th caused a seismic shift in the NY housing market. While the intention of the sponsors, ostensibly the alleviation of the ills of NY’s chronically under-supplied housing market, and the efficacy of their chosen...
BRG completes three Brooklyn sales totaling $5.61 million; Includes $2.75 million by Bestreich, Spro...
July 16, 2019
Brooklyn, NY Bestreich Realty Group (BRG) has arranged three sales totaling $5.61 million. The deals include the following: The $1.76 million sale of 29 Devoe St.in the Williamsburg section. The 5,000 buildable s/f development lot site measures 25 x 100 ft. and is zoned R6B with
Sabet and Sarraf of Venture Capital broker $11.95 million
July 16, 2019
Manhattan, NY Ryan Sabet and Yoel Sarraf of Venture Capital Properties represented the buyer, in the $11.95 million sale of 223 East 89th St.
Banks retires from REBNY; Whelan is new president
July 16, 2019
New York, NY According to the Real Estate Board of New York (REBNY), its president, John Banks, will retire after five years of service to REBNY and 33 years in the private and public sectors. The REBNY board of governors confirmed Jim Whelan as new president...
Sunset Park: Demand to increase for assets as new rent regulation laws pivot investors’ focus - by...
July 16, 2019
Real estate investors have become increasingly optimistic about Sunset Park’s industrial and warehouse assets, motivated by the neighborhood’s proximity to major thoroughfares and relative affordability. With New York’s new rent regulation laws expected to dampen demand for multifamily...
New York City real estate taxes bills are due in July: A minefield of surprises - by Peter Blond
July 16, 2019
I’m very familiar with my phone ringing continuously at this time of year because New York City real estate tax bills – due in July – are being received by property owners city-wide. Unlike any other year, however, New York City tax bills are jam-packed with errors. In particular, bills offer a...
Tourism industry growth in NYC: Will continue to transform and cater to increased global demand - by...
July 16, 2019
According to the Brookings Institute, over the next 10 years the middle-class population around the world is going to increase from 3.8 billion to 5.6 billion. That is roughly 160 million additional people a year entering the middle class around the world. Many of these newly minted members
Varjan, Jambu, Steffani and Braun of Lee NYC sell two buildings - $36.5 million
July 16, 2019
Brooklyn, NY Chris Varjan, senior managing director of investment sales, Vickram Jambu, senior managing director of investment sales, George Steffani, director, and Jonathan Braun, director of Lee & Associates NYC, have arranged the sale of the properties at 145 Henry St., between Pierrepont and Clark Sts., and 15-19 Wyckoff St.,
Bortz of The Kislak Co. sells 192-units for $19 million; Financing provided by Columbia Bank
July 16, 2019
New Windsor, NY The Kislak Company, Inc. negotiated the $19 million sale of Southgate Village Apartments, a 192-unit multifamily property located at 2300 Vails Gate Heights Dr. Kislak marketed the property on an exclusive with senior vice president Janet Bortz...
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