News:
Brokerage
Posted: March 7, 2017
Will of Hemisphere Holdings brokers $550,000 apartment complex in Solvay
King Avenue Apartments, 302 King Avenue - Solvay, NYSolvay, NY According to Hemisphere Holdings Corp., the firm has completed the $550,000 sale of King Avenue Apartments.
Richard Will, Hemisphere Holdings Corp.,The subject property is located at 301, 302, 305 King Ave. and 102 Fifth St. The 17-unit property was sold by John Sanzo and Sherrie LaCount. The buyer was undisclosed.
This sale was brokered by Richard Will, president of Hemisphere Holdings.
Specialists in multifamily brokerage, Hemisphere provides apartment brokerage services throughout upstate. This suburban complex was purchased vacant, all cash, and is expected to undergo extensive remodeling under the new ownership.
Tags:
Brokerage
MORE FROM Brokerage
Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence
New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
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
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
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,
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,
