the New York City multifamily market transaction volume will be significantly affected by CoVID-19 in Q2. As of now, we have tracked minimal activity for this asset class during April and we project that the same will be the case in May and June.
Shovel-Ready, Corner, Mixed-Use Development Site w/ 200’ Combined Frontage:
121-06 Merrill Street (AKA 172-55 Brocher Road)
121-06 Merrill Street (aka 172-55 Brocher Road), a corner development opportunity in Jamaica, Queens.
9,800 SF Mixed-Use Building with Warehouse:
4501 Avenue N
The 9,800 SF building contains 2,000 SF of retail space combined with 6,000 SF of warehouse space on the ground floor. Above is a total of 1,600 SF of residential space consisting of two apartments. The commercial/warehouse space features a retail showroom and has 18’ ft ceilings throughout the 6,000 sf warehouse area.
Prime Crown Heights Development Site:
576 Sterling Place
The property is nestled between two of the most active avenues in the neighborhood of Crown Heights- Classon and Franklin Avenues. The immediate area has seen a significant change in both the retail and residential landscape over the last few years.