News:
Brokerage
Posted: December 11, 2012
Weiner of Greiner-Maltz arranges $4.195 million sale of 9,635 s/f class A property in Jackson Heights, Queens
A class A investment building at 72-32 Broadway, located on the northwest corner of Broadway and 72nd St. in Jackson Heights has been sold in an all cash-transaction valued at $4.195 million. The property is across the street from Roosevelt Ave. subway station.
The 100% occupied, four-story, elevator serviced building is 9,635 s/f and sits on 58' x 69' lot. The ground floor is occupied by four retail venues. The other floors are all occupied by various offices.
"It's very rare to acquire this type of an investment grade property in the neighborhood," said Greiner-Maltz Investment Properties' (@GreinerMaltz) president Swain Weiner who handled the sale.
Greiner-Maltz specializes in the sale of investment and user properties in the New York metropolitan area.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
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
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,
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi
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
