News: Brokerage

Zach of Itzhaki Properties closes $1.525 million sale of 8,500 s/f building

Itzhaki Properties has completed the sale of 1020 Manhattan Ave., located in the Greenpoint Neighborhood. The building sold for $1.525 million in an all-cash transaction, which took less than 60 days to close. The 8,500 s/f mixed-use property contains seven residential apartments and five retail units. Shay Zach, managing partner at Itzhaki, represented both the buyer and the seller. Future plans for the property includes a development of an L shaped lot in the back of the property on Greene St. "We are currently very active in the Greenpoint/Williamsburg /Bushwick submarkets, and are constantly seeking options to bring the best price to sellers at these hard times," said Zach.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

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
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

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.