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B6 Real Estate Advisors has been retained by LBKC Associates, LLC to sell 975 Stewart Ave, a 30,200-square-foot medical office building in Garden City, NY.

Deals for industrial real estate are leading the post-coronavirus recovery of the US property market, with transaction activity in the sector down just 5% of the long-term average in the second quarter and stable to rising pricing.

B6 has arranged a rare deal to refinance debt on a billboard in New York’s Times Square, an unusual transaction that demonstrates the revival of transaction activity.

Built in 1900, this four-story, 6,420-square-foot building in the East Village was home to Arturo Vega, creative director for the Ramones.

The volume of commercial property sales in New York City cratered in the second quarter because of the new coronavirus pandemic.

The building is comprised of 63,000 square feet of warehouse space and 3,000 square feet of second-floor office space. It features three drive-in loading bays, and 25-foot ceilings.

The sprawling, 6,420-square-foot space at at 6 E. 2nd St. is where the Ramones played one of their earliest shows in 1975. It was often used as a crash pad for lead singer Joey and bassist Dee Dee.

B6 Real Estate continues to add brokers. Drew Ahlers joined the brokerages New York headquarters as associate director in the capital advisory division.

B6 Real Estate Advisors recently closed on a transaction at 226 W. 52nd St. at $6,796,465. B6’s client, Shout Outdoor Media, acquired the Novotel Billboard, a billboard asset in Times Square, and needed to be refinanced out of the acquisition loan.

This five-story, 42,500-square-foot building in the Bedford-Stuyvesant neighborhood was previously used as a school, with the potential for 20 classrooms, 20 offices, an auditorium and a large cafeteria.