Silvershore Properties sells 10-building portfolio to Related Companies for $39.4 million; Cohen of Rosewood reps Silvershore

Silvershore Properties sold a 10-building portfolio of walk-up residential buildings in Brooklyn and Queens to Related Companies for $39.4 million. All 10 properties in the 66,500 s/f portfolio with 76-residential units and two stores, were acquired by Silvershore Properties over the last three years. Rosewood Realty Group's Aaron Jungreis represented Related and Devin Cohen of Rosewood Realty represented Silvershore Properties. The Brooklyn properties include seven Brooklyn buildings in Greenpoint, Clinton Hill, Carroll Gardens, Prospect Heights and three in Queens, in Long Island City and Astoria. Silvershore Properties, a multifamily owner, founded in 2008 by Jason Silverstein and David Shorenstein, owns nearly 85 properties in New York City, most of them in Brooklyn, and has plans to acquire more this year.

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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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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

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