Goldflam, Polsinelli and Ross of Besen & Associates complete $11 million building sale
Laurence Ross, a senior investment sales broker of the platinum team at Besen & Associates has completed the sale of 16 East 46th St., between Fifth and Madison Aves. in midtown. This 5 story commercial loft building with 30,000 buildable s/f sold for $11 million, or just over $366 per s/f. Situated in C5-2.5/C5-3 zones, it has an FAR of 12 and 15 respectively and is afforded Sliver Law protection.
Ross said, "While there is a wind of change and uncertainty in today's market, the site, which is slated for residential development is well poised to capitalize on its close proximity to Grand Central Station, Times Sq. and Bryant Park."
Adelaide Polsinelli also of the platinum team and Joshua Goldflam of Besen also assisted.
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
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,
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.
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