News: Brokerage

Zach of Itzhaki arranges two sales totaling $4.99 million

Itzhaki Properties has completed two sales totaling $4.99 million. The first deal was the $4.265 million sale of 434 East 83rd St., a five-story, multifamily walk-up building, comprised of 19 studios and two one-bedroom apartments. Encompassing 8,515 s/f, the building was sold at a 5.75% CAP. Shay Zach of Itzhaki represented the buyer and seller. The second deals was the $725,000 sale of 338-40 Eldert St. in Brooklyn. The 2,000 buildable s/f vacant development site is located on a block in Bushwick between Irving and Knickerbocker Aves. Zach represented both seller and buyer.
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Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

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
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account