Pittstown, NY Christopher Farrell of Vanguard-Fine, LLC brokered the sale of 1207 Johnsonville Rd. between purchaser, Joseph Hanson, and seller, Diamond Wood Estates. The purchase price was $900,000.
Kenneth Brownell of Vanguard-Fine, LLC brokered the sale of 10 Vista Dr. in Slingerlands, N.Y. between purchaser, Marrello Management, LLC and seller, FC Vista, LLC. The purchase price was $3.6 million
Benjamin Feinman and Barry Feinman of Vanguard-Fine, LLC and Jesse Tranvaag of Berkshire Hathaway HomeServices Blake, Realtors brokered the lease between Accessible Bath Technologies, LLC and MDB Enterprises. The 2,606 s/f facility is located at 12A Petra Ln., Suite #4, Albany, N.Y.
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,