Farah of Greiner-Maltz acts for Local 463 Realty in $1.45 million sale; Reiff and DiCiero of Greiner-Maltz lease 28,000 s/f

Queens, NY Greiner-Maltz is a full-service commercial real estate brokerage firm, has completed the following transactions:

A three-story building at 87-80 Parsons Blvd. in the Jamaica neighborhood sold for $1.45 million. The property contains three office units, which total 5,700 s/f. Local 463 Realty Corp. sold the office building to Dinu Pietraru. Samia Farah of Greiner-Maltz Investment Properties represented the seller.
Respect Auto Group has signed a NNN lease for a single-story warehouse locate at 35-01 Northern Blvd. in Long Island City. The property is comprised of 28,000 s/f, including a 10,000 s/f showroom and 8,000 s/f of warehouse space. Larry Reiff of Greiner-Maltz represented the landlord, East Shire 35-01 Realty LLC, while Luca DiCiero represented the tenant.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

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 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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Legion Investment Group secures $155 million construction loan for 550 West 21st St. condo project

Columns and Thought Leadership

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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

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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.

Strategic pause - by Shallini Mehra and Chirag Doshi

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