News & Events

New Rent Regulations & NYC Rent Laws

New Rent Stabilization Laws & NY State Legislation

L Train Shut Down Halted by Governor Andrew Cuomo

Governor Andrew Cuomo plans to halt the L train shut down with weekday usage of one one of the most used NYC Train lines in the 5 boroughs

Real Estate Principal Discusses Short & Long Term Ramifications of L-Train Shut Dow

Real Estate Principal Discusses Short & Long Term Ramifications of L-Train Shut Dow

Paydirt: The ground beneath her feet, Trump & the taxman, no mezzin' around . & more

The dirt on dirt: Mark Twain's memo must have got lost in the mail. "Buy land, they're not making it anymore," isn't a mantra Manhattan developers are abiding by. And judging from asking prices for sites versus what apartments are selling for, it's easy to see why.

Sugar Hill pays $40M for East W'burg rental building

Sugar Hill Capital Partners bought a 51-unit rental building in East Williamsburg once owned by slain landlord Menachem Stark. The Harlem-based investment firm paid Acuity Capital Partners $39.5 million ($742 per square foot) to buy the three-story, 53,200-square-foot loft building at 315 Seigel Street, Real Estate Weekly reported. At $775,000 per unit, it's one of the highest prices paid for a rental in East Williamsburg. Rents at the building, which is one block from the Morgan L, range between $3,000 and $3,600, according to StreetEasy. Ofer Cohen and Dan Marks at TerraCRG brokered the deal, while Meridian Capital Group arranged financing provided by Signature Bank. "Loft style apartments situated in this highly sought after art district are rarely available, leading to strong demand from buyers when these assets come to market," Marks said of the off-market deal. The building was one of the first properties Stark bought in the early 2000s as he built up a portfolio of North Brooklyn real estate before his murder in 2014. A judge recently ruled that his accused killer, Kendel Felix, is mentally fit to stand trial. [REW] - Rich Bockmann

Miki strikes back: Naftali says Sigoura, Popkin stole developer's trade secrets

Acquisitions execs are suing their former boss for allegedly withholding payments

Rent Guidelines board votes to freeze rents for 1-year leases

The city's Rent Guidelines board voted Monday evening to extend the rent freeze on one-year leases for rent-stabilized apartments, in a repeat of last year's vote. The board also called for a 2 percent increase for two-year leases.

Scorecard: Manhattan investment sales down, but Brooklyn holding steady

A monthly roundup of news and reports on the commercial market Investment sales are down in Manhattan but holding steady in Brooklyn, compared with the same period last year, an analysis of CoStar Group data showed. But few expected Manhattan to match its record start in 2015.

Metropolitan, TIAA buy LIC office property for $90M

A partnership between Metropolitan Realty Associates and TIAA is in contract to buy a Long Island City office building for $90 million.

Executive of the Month: Pepe, president and lead broker of NC Pepe Corp.

BROOKLYN, NY Seizing the helm of a three-generation family business, which opened its doors two days after the stock market crash of 1929, Chris Pepe is the president and lead broker of NC Pepe Corp. The business is based in the borough and despite numerous opportunities to expand or move into different locations, Pepe says the "Borough of Trees" is the greenest pasture of them all. "It's a hybrid of the perfect polished stone and a bottle of wine that has appreciated with time. Even after the major financial institutions collapsed in 2008, the Brooklyn real estate market was still able to maintain its financial integrity and strength," said Pepe. Pepe believes that the borough is a fantastic place for real estate for investments because of its great return on your capital (approximately 5% average) and inventory is low and demand is high. It is also close proximity to Manhattan, has high quality public schools, and is a historical location rich in American culture.

Depression-era real estate firm, N.C. Pepe Corp., in Greenpoint still thrives after 85 years.

Third-generation owner Christopher Pepe says business has never been better for the family-owned real estate and insurance firm that first opened at 85 Kingsland Ave. just two days after the stock market crash of 1929. The link below will take you to the article on the NY Daily News website. If you wish to view/download this article in PDF, click here.

Park Slope TownHome For Sale

Your Search is Over... Because of the huge response the owners will Only allow One (1) Open House SUNDAY APRIL 27TH FROM 1-4PM NO OTHER APPOINTMENTS WILL BE SCHEDULED. Classified as a 2 family & being used as a 1 Family This 3 Story + Basement updated TownHome is move in Ready On the Tree-Lined very sought after 12th Street in between 6th & 7th Avenues School District 15 2 Blocks to the Park & 3 Blocks to the Subway 18.75X100 Lot 1952 SF of Residential Space Almost 1000 SF of FAR available to expand Huge Manicured Rear Yard C/A/C Hardwood Flooring Lots of Natural Sunlight Eat In Kitchen Dining Room

8 Unit New Construction Multi-Family SOLD

Perfect for a 1031 Exchange Buyer & Savvy Investor

2 BDR 2 Full Bath Condo JACKSON FOUNDRY SOLD

New To Market Re-Sale Condo at the Jackson Foundry Exquisite & Pristine Re-Sale Condominium at the Jackson Foundry Soaring Ceilings Granite Counters Hardwood Flooring Throughout CAC & Heat Elevator Pets Allowed Common Roof Terrace Steps to the L Train Chefs Gourmet Kitchen Fisher & Paykel Appliances 2 Full Baths Tons of Closets Floor to Ceilings Windows Only a few short blocks to the Graham Avenue "L" train and around the corner from tons of shops, restaurants, bars and cafes.

NO FEE Rentals (2 Months to Get In)