Fed raised rates 25 bps to 3.75%–4.00%. Borrowers are shifting toward short-term debt as higher rates pressure asset values, while strong liquidity continues to support lender competition and deal activity.
Newer-Construction Expired 421-A Elevator Mixed-Use Building Steps from The Hub: 446 East 149th Street
OCT
19
Recently expired 421-a tax exemption allows ownership to capture market rents upon unit turnover, a clear path to organic income growtt.
Cash-flowing Portfolio in a Premier Location: 81-06 Baxter Avenue
OCT
19
100% Leased Turnkey Asset with 81 feet of retail frontage along Baxter Avenue
408,400 ZSF Mixed-Use Development Site with 96,000 SF Footprint: 2185 Coyle Street
OCT
16
The site has a large footprint on a 96,000 SF lot across Coyle Street, Bragg Street and Avenue V. It was recently rezoned to R6A / R7D / C2-4 and included in a zoning text amendment as an MIH Area (Option 1), with a blended FAR of 4.26 under the City of Yes program.