Berko & Associates has brokered the sale of 2007 Lexington Ave. in Harlem. The four-story building located on the corner of 122nd St. consists of six studio apartments and a retail store. The building traded for $1.25 million representing a 6.24% cap and over 12 times the gross rent. Agnes Czajkowski of Berko & Associates represented the sellers, a joint venture between Joe Berko and GF55 Architects.
"The Upper Manhattan submarket has been increasingly active in the past 12 months and I see more enticing transactions coming back to the market. Still, many local buyers are searching for cash flowing assets because it is much easier to obtain financing," said Czajkowski.
Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10th St. in Greenwich Village
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
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
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.
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,