Remote work is taking its toll on city office space. And now, a 33,000-square-foot landmarked Brooklyn property that was reimagined as Kickstarter’s quirky headquarters a decade ago is now for sale — asking $25 million through B6 Real Estate Advisors.
Kickstarter, a crowdfunding company that helps others raise money for their creations, went remote during the pandemic — and eventually decided to stay that way.
For capital markets worldwide, 2022 proved to be a transformational year. 2023 is continuing on that course and experts are weighing the impacts on real estate prices and what this could mean to values and the economy. Top minds in commercial real estate and investment management explored market conditions and shared insights into what owners, lenders and investors need to know at an April 26 conference in New York City hosted by Fordham University’s Real Estate Institute (REI).
B6 Real Estate Advisors, the New York City–based investment sales and capital advisory brokerage led by industry veteran Paul J. Massey Jr., has announced the sale of four properties encompassing approximately 50,000 square feet across Hudson and Union counties in New Jersey, totaling a value of $12.75 million.
“These deals showcase B6’s continued growth throughout the New Jersey market,” said Yanni Marmarou, director of investment sales at B6, whose team spearheaded the respective Hudson and Union County sales. “As prices in New York have risen, the New Jersey market has become increasingly more competitive. Two trends we have been seeing is the demand for multifamily space and industrial property. These four sales exemplify the movement in these spaces as investors quickly jumped at the opportunities.”
Congratulations to Alix Curtin and Mitchel Flaherty on being recognized as 2021 young professionals by Commercial Observer.
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.
Hear from our very own Mitchel Flaherty about his views on afforable housing in the Bronx.
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.
Taller buildings are going up, but, so far, developers are making good on their promises to bring affordable housing to the neighborhood.
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.
Built in 1921, this eight-story, 15,550-square-foot building in Midtown contains five floors of office space, two floors of salon space and a retail space at ground level.