Here’s What the $20M-$30M NYC Investment Sales Market Looked Like Last Week
The Sheridan Court Mews, located at 201 East 164th Street in the Bronx, traded for $24.5 million last week, according to a source. The Lightstone Group bought the six-story building from Sheridan Court Mews Associates L.P. It has 129 apartments and one commercial space. Westbridge Realty Group’s Adam Traub and Ariel Benyacov brokered the deal.
Kim Tasher’s Latest Bronx Project will have 91 Units
The firm recently closed on a $2.8 million purchase of 2732, 2736 and 2738 Creston Avenue as well, where they are planning to construct a 66-unit, 44,120-square-foot building, according to Westbridge Realty Group president Steven Westreich, who brokered the sale.
Kim Tasher Inks Ground Lease for Latest South Bronx Resi Project
The firm has inked a 99-year ground lease at 1760 Boone Avenue in Claremont for a total value of $82 million, according to Westbridge Realty Group’s Steven Westreich, who brokered the deal with his colleague Isaac Shrem.
Westbridge Realty Names Marciano Investment Sales Associate
Westbridge Realty Group has hired David Marciano as an investment sales associate.
Westbridge Realty Group hires Rossland to head sales division
Westbridge Realty Group has hired former Eastern Consolidated Sales Manager Alexandra Rossland to head the sales division.
WHO’S NEWS: Westbridge Realty Group has hired former Eastern Consolidated sales manager
Westbridge Realty Group has hired former Eastern Consolidated sales manager Alexandra (Ali) Rossland to head its sales division.
Westbridge Realty Group Hires Eastern Consolidated’s Alexandra Rossland As Director Of Sales
Westbridge Realty Group has hired former Eastern Consolidated Sales Manager Alexandra (Ali) Rossland to head the sales division…
Westbridge Realty closes $11.45 million in nine Bronx/Brooklyn sales
Westbridge Realty Group has completed nine sales…
The Bronx is Turning
While the borough’s Jerome Avenue rezoning has been slow-moving, private developers are quickly planting their flags.
Westbridge Realty Closes Over $11.4 Million in Bronx/Brooklyn Sales
Westbridge Realty Group, a full-service real estate investment sales and advisory firm based in New York City, announced several recent transactions in Brooklyn and the Bronx totaling $11.45 million in sales that include these and others buildings and development sites:
Commercial Corner: Isaac Shrem
Isaac Shrem, an associate at Westbridge Realty Group, focuses on investment sales in the metropolitan New York area with particular expertise in the disposition of multi-family and mixed-use assets.
Bronx developer Kim Tasher is planning to bring another residential building to the borough, this time with 101 apartments
Tasher’s company SKF Development bought the site for $2.1 million, according to Steven Westreich of Westbridge Realty Group, who brokered the deal.
Selling Points: Brooklyn portfolio offered for $11M
Westbridge Realty Group has been exclusively retained to handle the $11 million sale of a four-building Brooklyn portfolio
Traub and Shrem of Westbridge Realty Group sell Queens multifamily for $2.275 million; 5,600 s/f building at 20-35 Gates Ave. delivered vacant
Westbridge Realty Group handled the sale of a six-family building in Ridgewood, that set a record price for a vacant building sale in that neighborhood.
Westbridge Realty Arranges Sale of Six-Unit Apartment Building in Queens for $2.2M
Westbridge Realty Group has arranged the sale of a 5,600-square-foot apartment building located at 20-35 Gates Ave in the Ridgewood neighborhood of Queens.
Westbridge and Vaknin of Westbridge Realty Group arrange $3.25 million sale of 25 x 100 ft. lot
Westbridge Realty Group has brokered the sale of 321 West 136th St. for $3.25 million.
Vaknin of Westbridge acts for buyer and seller in $1.3 million Brooklyn sale of a 99-year ground lease at 187 Cook St.
New Jersey developer Nehalkumar Gandhi has purchased a 99-year ground lease at 187 Cook St. for $1.3 million from Loketch Group and Joyland Group. Gandhi plans to build a 92-key hotel that will span over 26,000 s/f.
Westbridge Realty Brokers Sale of Development Site in Brooklyn, 92-Room Hotel Planned
Westbridge Realty has arranged the sale of a vacant lot located at 187 Cook St. in Brooklyn’s Williamsburg neighborhood.
New Jersey developer nabs East Williamsburg vacant lot for 92-room hotel
Hen Vaknin of Westbridge Realty represented both sides in this off-market transaction.
On the Scene: Westbridge Realty Group has been exclusively hired to sell 194 South 2nd Street in Williamsburg
A four-story four-family building with approved plans to be redeveloped into a 6,589 s/f building with nine apartment units. The asking price is $3.95 million.
Recent Commercial Real Estate Transactions
76 Rapelye Street is on the market for $3.25 million. Adam Traub is marketing the deal.
Westbridge Realty Group completes seven sales totaling $13.12 million
$3.5 million sale of 417 Grand Ave.: The building is located between Gates and Putnam Aves. in the Clinton Hill neighborhood. The vacant property spans 8,000 s/f and the transaction equated to $500 per s/f.
Westbridge Brokers $3M Sale of 30 Multifamily Units at Acropolis Complex in Queens
New York City-based Westbridge Realty Group has brokered the $3 million sale of a package of 30 unsold cooperative units at the Acropolis Complex in Astoria, Queens
ON THE SCENE: Commercial sales and exclusives under $10 million
Westbridge Realty Group announced the following recent sales.
Westbridge Realty Group closes five deals totaling $15.825 million
Westbridge Realty Group, a Manhattan-based full service investment sales firm, has completed the following sales totaling $15.825 million...
CO’s Top 30 Leasing and Sales Brokers Under Age 30
The deal, for three lots that went for a touch over $23 million, showed Traub's talend for handling complexity early on, especially since he (along with another broker) represented both sides.
Westbridge Realty Group closes eight sales: $10.1 million
According to Westbridge Realty Group, the firm has closed eight off-market sales totaling $10.1 million.
On the Scene: Westbridge Realty Group has been exclusively retained to sell 238 Stockholm Street
Westbridge Realty Group has been exclusively retained to sell 238 Stockholm Street in Bushwick, Brooklyn (between Irving and Knickerbocker Avenue Avenues) for $4.15 million.
CO’s Third Annual List of NYC’s Real Estate Firms With a Dozen Brokers—or Less
If old school is not your thing and you’d prefer new school, permit us to introduce you to Westbridge Realty Group...
ON THE SCENE: This week’s sales & exclusives under $10M
Westbridge Realty Group has been retained to broker the sale of 2908-2914 Clarendon Road, three contiguous walk-up apartment buildings in Flatbush.
Westreich and Vaknin of Westbridge Realty broker $1.86 million sale of Brooklyn parcel
Westbridge Realty Group has closed on two vacant buildings in Bushwick, Brooklyn for $1.86 million that will be demolished for condominiums.
Westreich of Westbridge closes $3.525 million portfolio sale
Westbridge Realty Group has brokered the sale of a four-building portfolio for $3.525 million to landlord J.Wasser & Co. This acquisition marks the seventh property purchased by J. Wasser & Co. in the last five months.
On The Scene: Westbridge Realty Group has brokered the sale of a four-building Brooklyn portfolio
Westbridge Realty Group has brokered the sale of a four-building Brooklyn portfolio for $3.525 million to Brooklyn-based landlord J.Wasser & Co. This acquisition marks the seventh property purchased by J. Wasser & Co. in the last five months. The properties are all located along the same block: 2832, 2836, 2844, and 2850 West 36th Street in Coney Island between Neptune and Mermaid Avenues).
Westreich of Westbridge Realty brokers $3.9 million off-market sale
Westbridge Realty Group, an investment/sales firm, has completed the $3.9 million sale of 633 E. 186th St. in the Belmont neighborhood. This corner property is comprised of 27 apartments with a ground floor retail unit. The off-market deal sold for 9.82 times the current rent roll or $198 per s/f and $139,000 per unit.
Westbridge Realty Group Negotiates Four Sales in New York City Totaling $8.5M
Westbridge Realty Group has arranged four sales in New York City totaling $8.5 million.
Westbridge Realty Group announced the recent sale of six properties totaling $10.5 million
The sales include: $3.9 million sale of 633 E 186th Street…
2015 Year in Review – Steven Westreich
What emerging trends will drive investment and development in 2016?
Westbridge Realty Group Brokers $4.2M Sale of Multifamily Property in Queens
Westbridge Realty Group has arranged the sale of a newly constructed multifamily property located at 64-64 Wetherole St.
The New Players of Commercial Real Estate and CRE Finance: 30 Commercial Real Estate Pros Under 30
Most people in the real estate industry don’t start working professionally until after college. Steven Westreich, however, was working as a broker at The Hogan Companies, in Annapolis, Md., in between classes during his final two years at the University of Maryland.
Westbridge secures four sales totaling $16.05 million; Includes $9.6 million sale by Traub
The $9.6 million sale of 1462 2nd Ave., Manhattan. This is a mixed-use 8,620 s/f building with eight apartments and the popular Meatball Shop.
Professional Profile: Steven Westreich, 2015
What is your dream job? My dream job is what I'm currently doing, having my own company doing something I enjoy.
Young Aggressive Broker: Steven Westreich
While most college students are busy studying for exams, Steven Westreich sold land to local developers.
Westbridge Realty Group is a full-service real estate investment sales and advisory firm based in New York City. Handling acquisitions and dispositions on behalf of investors, Westbridge concentrates on middle-market multi-family, mixed-use, and development properties in Manhattan and the surrounding boroughs.