Multifamily values ʻsucker punchedʼ
New York City’s new rent regulation laws have shaved nearly half the value off multifamily properties, according to investment sales brokers. Sales for the second
Tag : rm FRIEDLAND
ON THE SCENE: CBRE closes sales worth $13.62 million.
AGENTS Cushman & Wakefield announced the following exclusive assignments: • 407-409 East 158th Street, a 34,094 s/f residential development site in the Melrose neighborhood of the
ON THE SCENE: GFI Realty Services has been named the exclusive sales agent for 615 East 17th Street in Ditmas Park
AGENTS The Tri-State Investment Sales Group for Avison Young has been named the exclusive agent to market two retail condominiums spanning two floors at 90 William Street
ON THE SCENE: Adelaide Polsinelli has been retained to sell 63-49 & 63-53 60th Place in Queens
AGENTS Hilly Soleiman of Besen & Associates has been retained to sell the retail condo located at 381 Broome Street. Built in 2003, the condo contains 4,130 s/f
ON THE SCENE: Meridian sells portfolio of five rent regulated buildings in Central Harlem
AGENTS RM Friedland announced that Marco Lala has been retained for the following exclsuive assignments: • A Bronx development site with pending plans for a 10-story elevator building
ON THE SCENE: Avison Young engaged to market 60-68 East 116th Street
AGENTS Avison Young’s Tri-State Investment Sales Group has been engaged by ownership to market 60-68 East 116th Street, a long-term ground lease development opportunity. A
ON THE SCENE: Bestreich Realty Group sells 519 East 6th Street in East Village for $5,250,000
AGENTS Mitti Liebersohn, Avison Young Principal and President of the firm’s New York City office, announced the firm is marketing an opportunity to sublease a 9,670 s/fduplex
SELLING POINTS: Rudder sells 2 full floors at 420 fifth Ave.
● RUDDER PROPERTY GROUP Witkoff sells office condo for $52M Rudder Property Group announced the sale of two full floor office condos at 420 Fifth Avenue
ON THE SCENE: Avison Young gets exclusive in Bronx
Agents The Tri-State Investment Sales Group for Avison Young announced the following exclusive sale assignments: • 751 Concourse Village West, a development site offering up
SELLING POINTS: Cushman & Wakefield Bank site offers development opportunity
Cushman & Wakefield has been retained to market for sale 22 Grace Avenue, a 7,200 s/f building on a 38,544 s/f lot in Great Neck