B6 Real Estate Advisors last month hired Kiara Thomas as a director of investment sales in New York. She works on deals in the West Harlem neighborhood and reports to founding partner and chief executive Paul Massey. Thomas was previously a residential sales agent at Douglas Elliman in New York, and before that was a vice president at IDB Bank.
Author: b6
Inside the Boardroom: Paul Massey
Paul Massey, Founding Partner and CEO at B6 Real Estate Advisors, joined the Real Estate Daily Beat for an interview. We discussed the brokerage landscape, Paul’s bullish outlook on rent-regulated assets throughout New York City, and other interesting topics.
BronxNet
Hear from our very own Mitchel Flaherty about his views on afforable housing in the Bronx.
Recent Commercial Real Estate Transactions
FOR SALE: 88 and 90 White Street
This site consists of two adjacent buildings in Chinatown. The five-story, 9,350-square-foot building at 88 White Street was built in 1890 and has two commercial floors; three two-bedroom, full-floor apartments; and a basement. The third-floor apartment is occupied and rent-stabilized; the other spaces will be delivered vacant. The two-story, 10,500-square-foot building at 90 White Street was built in 1915 and includes a mezzanine level.
Inwood Watches Closely as New Zoning Kicks In
Taller buildings are going up, but, so far, developers are making good on their promises to bring affordable housing to the neighborhood.
How New York City Has Changed Since 9/11
Lower Manhattan, which experienced the enormous 9/11 tragedy, has come back to life—but is now facing new challenges brought on by COVID-19, just as other cities are, too.
Lower Manhattan: 20 Years Later
Two decades since the 9/11 attacks, Lower Manhattan has bounced back, transforming into a vibrant residential neighborhood as well as a top-tier business district that has drawn major office tenants to the area.
The changes have gone hand in hand with New York City’s metamorphosis. According to Mike Aziz, Partner and Director of Urban Design at architecture firm Cooper Robertson, at a macro scale, New York City has been evolving from an almost purely hub and spoke model—which relies on Manhattan’s central business districts to drive the city’s economic engine—to a more distributed and decentralized model.
A $36M Midtown listing tests Fifth Avenue’s comeback
As Fifth Avenue battles back from the pandemic, a new listing in the heart of the shopping corridor will test the strength of its recovery.
The leasehold for 587 Fifth Avenue, a 10-story, mixed-use building between 47th and 48th Streets, is hitting the market asking $36 million. Steve Kassin’s Infinity Collective holds the ground lease, public records show. Zachary Redding and Dylan Kane of B6 Real Estate Advisors have the listing.
Multifamily, industrial sales highlight strong week for mid-market deals
Mid-market investment sales total $158M in the last week of July, up from $113M the week prior.
Delta Is Pushing Back Office Returns, Not Stalling Real Estate Deals
As of last week, the delta variant accounted for a total of 83% of New York City’s Covid-19 cases, driving a rise in the spread of the coronavirus after widespread vaccinations seemed to have brought the pandemic close to an end earlier this summer.