News: Brokerage

Westbridge Realty Group closes eight sales: $10.1 million

New York, NY According to Westbridge Realty Group, the firm has closed eight off-market sales totaling $10.1 million. The recent deals include:

• The $2.4 million sale of 21-77 33rd St. in Queens. This is a package of 17 unsold cooperative units. Steven Westreich of Westbridge represented the buyer, Arbern Realty LLC and the seller,  Monarch Holdings LLC.

• The $1.53 million sale of 982 Willoughby St. in Brooklyn. This 33 x 95 ft. lot contains 6,900 buildable s/f. Hen Vaknin and Izzy Rosenbaum of Westbridge, with Westreich, represented the buyer and the seller.

• The $1.4 million sale of 440 St. Marks Ave. in Brooklyn. This is a 1,875 s/f two-family brownstone with air rights. Vaknin represented the buyer and seller.

• The $1.3 million sale of 306 Stockholm St. Brooklyn. This 25 x 100 ft. lot contains  5,500 s/f. Westreich, Vaknin, and Rosenbaum represented the seller, the Surajpal Family and the buyer, Stanhope Lofts LLC.

• The $1.3 million sale of 66 Maujer St. in Brooklyn. This is a 25 x 100 ft. lot contains 5,000 s/f. Vaknin represented the buyer, 66 Maujer Street LLC, and the seller, the Torres family.

• The $1.23 million sale of  203 Hull St. in Brooklyn. This is six-unit building contains 5,850 s/f. Westreich represented the buyer, Silvershore Properties and the seller, Leroy Dowers.

• The $1 million sale of 1378 Decatur St. in Brooklyn. This is six-unit building contains 5,540 s/f.  Westreich and Adam Traub of Westbridge represented the buyer, 1378 Decatur LLC and the seller, Ana Mariani.

• The $825,000 sale of a six unit building in Brooklyn. The three-story property contains 4,800 s/f. Westreich represented the buyer and the seller.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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

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

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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

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.