Upside Ventures' office condos at Greenpoint Lofts reportedly 40% sold
A few months after closings began at Brooklyn's first commercial condominium building, Greenpoint Lofts is now 40% sold. The five-story corner building at 231 Norman Ave. in Greenpoint is the newest offering from Upside Ventures.
With units ranging from 600 to 1,150 s/f, Greenpoint Lofts is one of the first to offer the newest trend in commercial condominiums. The building provides small business owners and other entrepreneurs with an affordable alternative to Manhattan's surging rental rates.
The Greenpoint Lofts building, a pre-war loft structure that formerly housed self-storage units, will also serve as the anchor to a creative business center emerging in the Greenpoint neighborhood.
Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent