News: Brokerage

Zelnik & Co. appointed agent for 130 West 42nd St.

Zelnik & Co. has been awarded the exclusive retail leasing agency at 130 West 42nd St., a landmark building located at the crossroads of Bryant Park and Times Sq. Owned by American Properties Inc., the prewar office property offers retail space in the corridor of 42nd St. between Sixth Ave. and Broadway. Cory Zelnik will oversee this prestigious leasing assignment on behalf of the ownership. The 30-story office building offers 3,100 s/f of prime, ground floor retail space, as well as 5,000 s/f of lower level selling space. Zelnik & Co. is a prominent New York City-based real estate firm founded by retail powerhouse executive, Cory Zelnik. The company provides comprehensive retail brokerage services throughout the Tri-State area. Widely-recognized for its hands-on approach, the firm's guiding principle is to deliver unparalleled real estate expertise to meet the diverse requirements of both tenants and owners of retail properties. 
MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
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.