Category: Brokerage
Ferrara of Brax Realty represents seller in $6.9 million sale of Upper East Side mixed-use building
April 1, 2019
Manhattan, NY Michael Ferrara, managing principal of investment sales brokerage firm Brax Realty completed the sale of a 7,951 s/f mixed-use building in the Upper East Side. The property, 240 East 75th St. located between 2nd Ave. and 3rd Ave., sold for $6.9 million.
Moskowitz of Stroock & Stroock & Lavan moderates NYC Charter Review Critical to Future of City
March 29, 2019
New York, NY A panel of New York’s leading real estate thinkers discussed the current New York City Charter review, which could turn out to be the most momentous change in city real estate decision-making since 1989.
NYCEDC leadership speaks at WX New York Women Executives in Real Estate’s monthly breakfast
March 28, 2019
New York, NY On Tuesday, March 12th, leadership from the New York City Economic Development Corporation (NYCEDC) spoke at the WX New York Women Executives in Real Estate’s monthly breakfast, highlighting the city’s strategy to bring good-paying jobs to city residents through inclusive innovation.
Avison Young New York and Akerman LLP host “Why Amazon Should Stay” event on March 21st
March 28, 2019
New York, NY On March 21, Avison Young New York and Akerman LLP hosted a panel at the Harvard Club in Manhattan on real estate incentives and how they are often misconstrued by the public. This was particularly true in the case of Amazon looking to build its new headquarters in Long Island City, according to panelists from across the real estate industry.
Ariel Property Advisors nominated for REBNY's "2018 Most Ingenious Deal Of The Year Award"
March 26, 2019
Manhattan, NY According to Ariel Property Advisors, the company has been nominated for the Real Estate Board of New York's "Most Ingenious Deal Of The Year Award" for its role in the capitalization of the Taystee Building. Ariel is one of only six nominees for the award.
Bestreich, Sproviero, Lecky, Zeitchik and Flaherty of Bestreich Realty Group broker $1.8 million sal...
March 20, 2019
Brooklyn, NY Bestreich Realty Group (BRG) has completed the sale of 111 Java St. in the Greenpoint section for $1.8 million. This development site lot measures 25 ft. x 100 ft. and is zoned R6A. With a max FAR of 2, the lot offers 5,500 buildable s/f.
REBNY names contestants for 75th Annual Most Ingenious Deal of the Year Awards Competition
March 19, 2019
New York, NY The Real Estate Board of New York (REBNY) has announced those in the running for 2018’s Most Ingenious Deal of the Year, the prestigious distinction honoring New York City’s most notable transactions executed by top commercial real estate brokers.
NYC development – 10 years after the Great Recession’s bottom: How will NYC look in 2029 - by Mi...
March 19, 2019
It’s hard to fathom, but on March 6th we mark the 10-year anniversary of the Great Recession’s stock market bottom and the subsequent plunge in New York City’s investment property prices and sales volume. This anniversary is a unique point in time to recognize where the market for New York City
The Queens multifamily market: 2019 proposed rent laws, transactions and insight - by Rubin Isak an...
March 19, 2019
In June on this year, the current rent laws will expire. Given the current political climate in the state senate, a complete overhaul of these regulations appears to be on the horizon. The passage of any combination of the proposals on the table will lead to greater difficulty in managing multifamily properties, to what degree remains to be seen.
Why have the retail rents fallen, and why do they continue to decline? - by Joseph Aquino
March 19, 2019
Why have retail rents fallen, and why do they continue to decline? It can’t be because sales are off. Young people’s closets are still full of designer shirts, khakis, and sneakers—for which they’re still paying top dollar. However, the way they buy their merchandise has changed dramatically.
Nelson, Polakoff and Rothschild of Avison Young broker $35.5 million
March 19, 2019
Manhattan, NY The tri-state investment sales group for Avison Young has brokered the $35.5 million sale of three residential buildings, located at 344, 346 and 348 East 62nd St. in the Lenox Hill neighborhood. The three properties total 40,612 gross s/f across 72 units, comprised of 70 apartments and two retail units.
Greenberg of Jack Resnick & Sons arranges three leases at One Seaport totaling 285,000 s/f
March 19, 2019
Manhattan, NY According to Jack Resnick & Sons, three tenants have signed new leases and expansions totaling 285,000 s/f at One Seaport Plaza/199 Water St., its 35-story, 1.1 million s/f downtown property. In the largest transaction, WeWork signed a 15-year, 201,231 s/f lease covering five full floors. The space is located on the 30th through 35th floors.
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