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Families set price record with Jackson Heights rentals
05
A coveted Jackson Heights rental building has switched hands between two low-key Queens families. Marcus and Millichap broker Marco Lala said the 70-unit
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Bronx multifamily owners in holding pattern as eviction moratorium is extended
06
 By Marco Lala  It’s a tale of two markets for Bronx rentals. Sweeping regulations, shutdowns, and economic stimulus have had little effect on slowing
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Family team has fighting chance with Lala at helm
05
Marco Lala could have veered down a very different path. Lala, a martial artist who once collected black belts like vinyl records, may have just as easily
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ON THE SCENE: Avison Young engaged to market 60-68 East 116th Street
05
AGENTS JAMES NELSON Avison Young’s Tri-State Investment Sales Group has been engaged by ownership to market 60-68 East 116th Street, a long-term ground
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ON THE SCENE: Meridian sells portfolio of five rent regulated buildings in Central Harlem
05
AGENTS RM Friedland announced that Marco Lala has been retained for the following exclsuive assignments: MARCO LALA • A Bronx development
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Stagg Group to build 500-unit Bronx apartment development
07
The Stagg Group is set to build a 474-unit apartment building at 1125 Whitlock Avenue in the Bronx. The development company just closed on the acquisition
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ON THE SCENE: Bestreich Realty Group sells 519 East 6th Street in East Village for $5,250,000
05
AGENTS JAMIE COVELLO Mitti Liebersohn, Avison Young Principal and President of the firm’s New York City office, announced the firm is marketing
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ON THE SCENE: CBRE closes sales worth $13.62 million.
05
AGENTS Cushman & Wakefield announced the following exclusive assignments: JONATHAN SQUIRES • 407-409 East 158th Street, a 34,094 s/f residential
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ON THE SCENE: GFI Realty Services has been named the exclusive sales agent for 615 East 17th Street in Ditmas Park
06
AGENTS The Tri-State Investment Sales Group for Avison Young has been named the exclusive agent to market two retail condominiums spanning two
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Multifamily values ʻsucker punchedʼ
05
New York City’s new rent regulation laws have shaved nearly half the value off multifamily properties, according to investment sales brokers.
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ON THE SCENE: Adelaide Polsinelli has been retained to sell 63-49 & 63-53 60th Place in Queens
04
AGENTS HILLY SOLEIMAN Hilly Soleiman of Besen & Associates has been retained to sell the retail condo located at 381 Broome Street.
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Bullish on the Bronx, UA Builders buys another development site
04
UA Builders is planning another new apartment development in the Bronx. The company has just closed on the purchase of a development site on Villa Avenue