Zborovsky of Mark Zborovsky & Co. represents buyer and seller in $6 million sale

Mark Zborovsky recently closed on a bulk sale of 75 unsold sponsor units in Kew Village Estates, a 423-unit co-op corporation in Kew Gardens Hills neighborhood of the borough. The price of the block under $6 million was slightly under 40% of the blocks' vacant market value-a latest record for a co-op block in the borough. The seller of the block was Susan Hewitt of Cheshire Group, and the buyer was one of Zborovsky's investment clients. Zborovsky marketed this block two years ago, but it did not sell because of the veto from the original sponsor of the conversion. The veto power expired two months ago, and the seller was finally able and happy to re-hire Mark Zborovsky and Co, Inc. to market the block again and then sell it to one of Zborovsky's buyers. Zborovsky represented both the seller and the buyer in this transaction.

Tags: Brokerage

Reprint

Previous Story Next Story

Adirondack Capital Partners arranges sale of 96-unit Ridgeview Townhomes & Apartments

Wilton, NY Adirondack Capital Partners (ACP) negotiated the sale of Ridgeview Townhomes & Apartments, a 96-unit multifamily community located at 23 Northern Pines Rd., to Yakar Partners, for an

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

IRG acquires 422,727 s/f distribution facility in south St. Paul

Investment Property Realty Group brokers $16 million sale of multi-family 205 Ashland Pl.

IPRG brokers $16m sale of 205 Ashland Pl.

OPEN Impact Real Estate secures 77,000 s/f lease of former Catholic School

OPEN Impact secures 77,000 s/f lease of former Catholic School

Investment Property Realty Group closes $2.326 million sale of multi-family 1684 Banyer Place

IPRG closes $2.326m sale of 1684 Banyer Pl.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Spotlight Content

2026 Women in Commercial Real Estate: Deborah Smith, The CenterCap Group

Columns and Thought Leadership

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

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their

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.