News:
Brokerage
Posted: October 17, 2023
The Oak & Avery Group complete four sales totaling $19.562 million
Hudson, NY The Oak & Avery Group negotiated the sale of four New York transactions totaling $19.562 million.
- 540 Joslen Blvd., Hudson, a 96-unit multifamily property purchased by a NYC-based firm, Hudson Communities, for $13.2 million
- 1220 Oregon Rd., Cortlandt Manor, a 10,000 s/f retail plaza purchased by White Plains-based Hudson Hill Partners, for $1.974 million
- 757 Whitehall Pl., Bronx, a 7-unit multifamily building, purchased by Jrny Whitehall LLC for $1.088 million
- 514 S 5 Ave., Mount Vernon, a 15,700 s/f. industrial building, purchased by J-Tech Contracting for $3.3 million
Anthony Watkins, president, and David Algarin, vice president, represented the buyers and sellers in all transactions.
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Quick Hits
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
