Canton, NY Vanguard-Fine, LLC brokered three transactions.
Kenneth Brownell of Vanguard-Fine brokered the 10-year 16,107 s/f lease in Seaway Plaza between Harbor Freight Tools and Seaway Plaza Realty, LLC & Seaway Partner, LLC.
Steven Lerner and Barry Feinman of Vanguard-Fine brokered $1.05 million sale of 713-715 Hoosick Rd., Brunswick, between the buyer THDC2 Realty LLC and the seller Michael and Sheila Duncan. The property will be developed.
Barry and Benjamin Feinman of Vanguard-Fine brokered the lease between Bulldog Fire Apparatus of NY LLC and 4259 Albany Street, LLC. The 38,955 s/f business will be located at 4255 Albany St. in Colonie.
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,