News:
Brokerage
Posted: May 28, 2024
Stenson of Brax Realty sells Murray Hill building for $6.1 million
Manhattan, NY Alan Stenson, Senior Director of Manhattan based Brax Realty is pleased to announce the sale of 27 East 37th Street in Murray Hill for $6,100,000. Stenson exclusively represented the seller and also procured the buyer. This property was a 5-unit elevator building with all free market tenancy. The +/- 9,000 SF building was located between Park Avenue and Madison Avenue and had tax class 2A protection. This was the first time the property traded hands in many years and was purchased by a local investor. The building sold for $677/SF.
Tags:
Brokerage
MORE FROM Brokerage
Houlihan Lawrence Commercial sells residential development site for $2.1 million
Pelham, NY Houlihan Lawrence Commercial, a division of Houlihan Lawrence, sold 163 Wolfs Ln. for $2.1 million. The site was previously approved for a 27-unit multifamily building with one retail space and 34 parking spaces.
.jpg)
.gif)
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
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.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
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
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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
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,
.gif)