News:
Brokerage
Posted: November 23, 2021
Unity Capital places $1.43 million loan
Manhattan, NY According to Evan Bell of Unity Capital, the firm secured a $1.43 million loan secured by land located at 303 W. 113th St.
The unnamed borrower had a time of the essence closing at a $2.4 million purchase price and Unity Capital was able to close in a two-week timeframe.
The borrower plans to build luxury condominiums at the site.
Tags:
Brokerage
MORE FROM Brokerage
Realty Connect USA joins Better Homes and Gardens Real Estate affiliates to form one of the brand’s largest brokerages
Madison, NJ Better Homes and Gardens Real Estate LLC agreed to a landmark merger between three leading brokerages across New York, New Jersey, and Pennsylvania. The agreement brings together
Quick Hits
Columns and Thought Leadership
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,
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
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
