Epic Commercial Realty sees major shakeup after sale

In February, Epic Commercial Realty promoted one of its senior brokers to be a partner, principal and head of the Manhattan division alongside CEO Yona Edelkopf. That leadership structure didn’t last very long. Just a few months later, the broker, Ido Tzaidi, and his colleague, Sasi Elya, bought the Brooklyn-centric middle-market investment sales brokerage from […]

NYC investment sales fell 25% in 2016: Cushman

New York City’s investment sales market fell off 25 percent in 2016 to roughly $58 billion worth of property sales, according to Cushman & Wakefield. The five boroughs’ total dollar volume of $57.8 billion last year was about quarter less than the $77.1 billion worth of sales in 2015, Cushman’s Doug Harmon said Wednesday in […]

Here’s what the $10M-$20M investment sales market looked like last week

Last week in the world of mid-market New York City investment sales, the Permanent Mission of the United Arab Emirates bought an additional 10,000 square feet at its Midtown headquarters for $12.2 million and Tamrak Management Corp. picked up a Bronx rental building for $11 million. Click here for the story and more. Source: Real […]

Bronx i-sales grew in first half of 2016, multifamily market remained strong

Buyers aren’t shying away from the Bronx’s investment sales market, even as the rest of the city saw the number of deals shrink in the first six months of the year, according to the mid-year report from Ariel Property Advisors. Sales from 322 properties and 188 deals in the borough totaled $1.4 billion in the […]

Manhattan’s dev sites, rental buildings get a price boost in first half of 2016

Demand for Manhattan investment properties fell in the first half of 2016, although buyers were willing to pay a higher price per square foot for multifamily buildings and development sites, according to a mid-year report from Ariel Property Advisors. Buyers shelled out $19.3 billion for 361 investment properties in the borough, down 13 percent and […]

Here’s what the $10M-$20M NYC investment sales market looked like last week

From left: S&G Gross at 486 Eighth Avenue in Midtown, Cynthia Rowley and 203 West 107th Street in Manhattan Valley (credit: T.Rinaldi) 1.) Pawn shop S&G Gross is leaving its Midtown location after nearly a century at 486 Eighth Avenue. The 3,400-square-foot retail building sold for $20 million through a 1031 exchange, although the buyer’s […]