News:
Brokerage
Posted: April 18, 2008
Truman Place completes $250,000 redevelopment project
Developer Jeff Cook purchased a 10,000 s/f office building located on 3000 Mt. Reed Blvd. The property is along the busy north-south corridor of Mt. Read Blvd. and is close to Interstate 390 with access from either the West Ridge Rd. or Vintage Ln. exits. It is located near Wegmans' new grocery superstore, the Home Depot, and the Mall at Greece Ridge.
Truman Place, LLC has finished a $250,000 redevelopment project. The 75 car parking lot, landscaping, sidewalks, and roof have all been replaced. The common hallways have new carpet, fresh paint, and updated wallpaper. In addition, new windows, doors, and updated HVAC systems were installed.
Truman Place is ready for new tenants. The building has 4,600 s/f for lease. Suites can be subdivided to a minimum of 500 s/f. The entire 4,000 s/f second floor is available.
Tags:
Brokerage
MORE FROM Brokerage
NYSCAR June 2026 president’s message - by Mercedes Brien
As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
Quick Hits
Columns and Thought Leadership
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
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
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.
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,
