1031 exchange business appears to be thriving again; timing and preparation are important – by Michael Packman

https://cre.nyrej.com/1031-exchange-business-appears-to-be-thriving-again-timing-and-preparation-are-important-by-michael-packman/

Where have all the diners gone?

http://www.crainsnewyork.com/article/20151025/HOSPITALITY_TOURISM/151029907/where-have-all-the-diners-gone#utm_medium=email&utm_source=cnyb-dailyalert&utm_campaign=cnyb-dailyalert-20151026

Goodbye Columbus: Once Invincible UWS Retail Corridor Sees Spike in Vacancies

http://commercialobserver.com/2015/10/goodbye-columbus-once-invincible-uws-retail-corridor-sees-spike-in-vacancies/

October 2015 Availabilities

Services offered by Wald:

• Commercial Sales
• Equity Investments
• Asset Preservation - 1031 Exchange

• New Development Representation
• Residential Sales and Leasing
• Commercial, Office and Retail Leasing

We have representation in Manhattan, Brooklyn, Queens and the Bronx.

Call or email:

(917)406-3376 - c

a.delguercio@waldrealestate.com

Manhattan:

Hamilton Heights - Corner, Mixed Use 11,000 sft. Walk up - 13 residential, 1 commercial with antenna - Est. NOI $213k - $4,500,000 - 4.75% cap rate

Portfolio Sale - 4 Mixed use properties in Manhattan(Little Italy/Chinatown), 7 Retail stores in Bronx. Est. NOI $573k with plenty of upside.100(+) total units. $32,000,000

TriBeCa corner Retail Co-Op - Approximate 29% of properties stock shares. 5k sft on the ground level and additional basement. 12 years remain on current restaurant tenant's lease. Approximate $255k NOI after common charges are deducted. $8,500,000

High Line Special District Development - Corner with Est. 40 ft. of frontage and 15k total bsft. Commercial tenant has 1 year termination clause. $17,000,000

Queens:

South Richmond/Ozone Pk. - 46,000 bsft Development - 4 lots delivered vacant - Commercial or Residential possibilities  - Close to (A) Subway and LIRR - .$12,750,000 - $277 per bsft

Richmond Hill Development Site - 103,000(+) bsft, 300(+) feet of frontage, corner to corner. Very close to J and Z Trains. $125 per bsft, $13,000,000

Ridgewood - Corner development, 100(+) feet of frontage, approximately 19,900 SF maximum build at $200 per bsft. $4,000,000

Brooklyn:

Williamsburg Development - 75' X 75' footprint - 3 existing structures totaling over 14k sft - Total of 20,000(+) bsft with added air-rights. Park and Manhattan view - $16,500,000 

Bedford-Stuyvesant Development - 245 feet of frontage, 49,000 SF maximum build, R6B Zone. $235 per BSFT.  $11,500,000

Bronx:

Riverdale Development - 48' X 144' - 28,000(+) bsft - $3,080,000 - $109 per bsft

Fordham Heights - 6 story Walk up, Approx 20,000 sft, Corner Mixed Use - 3 commercial, 25 residential units - $310k NOI -  $5,165,000

Kingsbridge - 5 tenant retail property, Est. NOI $249k, additional 10,500 SF of air-rights. Redevelopment project commencing in close proximity to property.  $6,200,000

-- 

Best regards,

Angelo

Angelo Del Guercio

Stephen P. Wald Real Estate Associates, Inc.

The Lombardy Hotel

111 - 115 East 56th Street

New York, NY 10022

(212)750-9253 - o
(917)406-3376 - c
a.delguercio@waldrealestate.com
www.waldrealestate.com

Blog: http://angelofcommercialre.blogspot.com/

    

This email is for the named addressees only. If you are not the intended recipient, please delete it from your files. If you do not wish to receive commercial emails from me in the future, please click email address at end of this email and hit send or reply back to me with subject "Remove me from your list." All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footage are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics reserved to Wald Real Estate. Customer should consult with its counsel regarding all closing costs, including without limitation the New York State 1% tax paid by buyers on residential properties over $1 million.

Wald represents the seller/owner on Wald's own exclusives, except if another agent of Wald represents the buyer/tenant, in which case Wald will be a dual agent with designated agents representing seller/owner and buyer/tenant. Wald represents the buyer/tenant when showing the exclusives of other real estate firms. In all instances Wald treats all parties fairly and honestly. Wald actively supports equal housing opportunities.

Sale of far West Side McDonald's paves way for yet another Hudson Yards tower

Related Cos. has acquired the fast-food chain's restaurant at West 34th Street and 10th Avenue, the final parcel it needs to build 50 Hudson Yards.

http://www.crainsnewyork.com/article/20151005/REAL_ESTATE/151009936/sale-of-far-west-side-mcdonalds-paves-way-for-yet-another-hudson?CSDropAuthCookie=1&CSDropAuthCookieSpecified=1

Developer pays two tenants $25 million to vacate their apartments

http://www.crainsnewyork.com/article/20151005/REAL_ESTATE/151009954/developer-pays-two-tenants-25-million-to-vacate-their-apartments

Manhattan real estate hits new price record

http://www.cnbc.com/2015/10/01/manhattan-real-estate-hits-new-price-record.html