News:
Brokerage
Posted: October 20, 2011
Zach of Itzhaki Properties closes $1.525 million sale of 8,500 s/f building
Itzhaki Properties has completed the sale of 1020 Manhattan Ave., located in the Greenpoint Neighborhood. The building sold for $1.525 million in an all-cash transaction, which took less than 60 days to close. The 8,500 s/f mixed-use property contains seven residential apartments and five retail units.
Shay Zach, managing partner at Itzhaki, represented both the buyer and the seller. Future plans for the property includes a development of an L shaped lot in the back of the property on Greene St.
"We are currently very active in the Greenpoint/Williamsburg /Bushwick submarkets, and are constantly seeking options to bring the best price to sellers at these hard times," said Zach.
Tags:
Brokerage
MORE FROM Brokerage
Investment Property Realty Group’s Team Friedman closes five Bronx sales totaling $5.3 million
Bronx, NY Investment Property Realty Group’s (IPRG) Team Friedman closed five sales totaling $5.3 million in the month of September. • 1707 Melville St. sold for $1.35 million. Located in Van Nest, the property
Quick Hits
Columns and Thought Leadership
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
.gif)