Research & Insights

Block by Block: 1H22

After a strong finish to 2021 that saw 1,808 transactions across New York City, resulting in $23 billion in activity closed, the first half of 2022 has underperformed in the face of new headwinds that affected the market. First, there was a general expectation that the first quarter would see reduced transactional volumes due to […]

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Quarterly Reports

Block by Block: 1H22

After a strong finish to 2021 that saw 1,808 transactions across New York City, resulting in $23 billion in activity closed, the first half of 2022 has underperformed in the face of new headwinds that affected the market. First, there was a general expectation that the first quarter would see reduced transactional volumes due to […]

Block by Block: 4Q21

For the first time since the pandemic began, broker optimism about an investment sales market recovery in New York City began to materialize during the fourth quarter. As a result, the pace of transactions in the fourth quarter of 2021 accelerated to pre-pandemic levels, including a surge of larger deals in Manhattan that produced the […]

Block by Block: 3Q21

The New York City investment sales market continues to climb out of the COVID-induced commercial property market recession. While there is a tangible sense of optimism and markets are beginning to return to long-term averages, the recovery seems to remain constrained by externalities impacting the market.

Block by Block: 1H21

A sense of optimism and excitement is being felt in the investment sales property market following the easing of COVID restrictions and the reopening of many businesses in New York City.

While the transactional numbers have yet to fully demonstrate that optimism, there are promising signs indicating that the second half of the year should return to the transactional averages of 2018.

1Q21 Report Cover

Block by Block: 1Q21

The New York City investment sales market started the new year with the same muted market-wide performance that it ended with in 2020. While the first quarter’s results left much to be desired, we remain confident that the second half of 2021 will see a return to the long-term transactional averages as the vaccine rollout continues its momentum and businesses and people alike begin to return to the city.

2020 Market Update & 2021 Predictions

2020 will be remembered as the year New York City commercial real estate weathered a storm like no other. Before COVID-19 impacted our daily lives, 2020 was expected to be a challenging year for commercial real estate due in part to rent regulation law changes in 2019, tax increases, and what promised to be a turbulent election cycle.

Block by Block: 1H20

After a challenging year in 2019, 2020 started off in positive fashion with the first quarter showing promising returns in both dollar volume and transactions. The market finally began to show signs of life following the rent regulation changes in June 2019 as dollar volume and transactions appeared to be trending back towards long-term averages.

Block by Block: 4Q19

2019 was a tumultuous year for the New York City investment sales market. There was Amazon’s derailed plan for its HQ2 in Long Island City, along with sweeping rent reform legislation from the state government.

Even with external factors potentially wreaking havoc, the investment sales market finished 2019 with a total dollar consideration of just under $34B — a decline of 7% from 2018 but a slight increase (+2%) from two years ago.

Block by Block: 3Q19

As the new reality of stricter rent regulations becomes clear, the investment sales market in New York City continues to underperform its historical trend. That’s pushed the trajectory of industrial and retail in very different directions.

Block by Block: 1H19

The investment sales market in New York City continued its sluggish performance through the second quarter of 2019. But even in this environment, opportunity still exists in certain pockets of the city. So B6 tapped three of its brokers to find out where they see potential upside in their neighborhoods.

Block by Block: 1Q19

The investment sales market in 2019 got off to a slow start amid uncertainty in the broader economy and speculation about major rent reforms this summer. But even amid a market slowdown, development is continuing thrive.

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Insights

2020 Market Update & 2021 Predictions

2020 will be remembered as the year New York City commercial real estate weathered a storm like no other. Before COVID-19 impacted our daily lives, 2020 was expected to be a challenging year for commercial real estate due in part to rent regulation law changes in 2019, tax increases, and what promised to be a turbulent election cycle.

B6’s 2020 Predictions Report

Last year was a tumultuous one for the investment sales market in New York City. New rent regulation put a damper investors’ appetites after the state’s legislation passed in June. Even amid a roaring economy, 2H19 was a sluggish one.

As we head into 2020, there’s cautious optimism around the B6 offices. We surveyed our investment sales and capital advisory teams to gauge opinions on where the market is headed. Here’s what we found.

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Recent News

Real Estate company completes sales totaling $12.75 million

Union News Daily
December 3, 2022

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 […]

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Jersey City multifamily binge: Two more sites trade for $21M

The Real Deal
November 3, 2022

Two more residential projects are coming to Jersey City as the city’s hot rental market continues to draw New York developers across the Hudson. Dan Hollander’s DHA Capital paid $6.5 million for a 31,000-square-foot development site at 70 Mallory Avenue on the city’s West Side, where it plans to build a six-story, 136-unit building with […]

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B6 Real Estate Arranges $6.5M Sale of Multifamily Development Site in Jersey City

RE Business Online
November 1, 2022

JERSEY CITY, N.J. — Locally based brokerage firm B6 Real Estate Advisors has arranged the $6.5 million sale of a 31,000-square-foot multifamily development site at 70 Mallory Ave. in Jersey City that is zoned for 136 units. Yanni Marmarou, Jack Drillock and Andrea Nestico of B6 Real Estate represented the undisclosed seller in the transaction. […]

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Jersey City development site slated for 136 apartments sells for $6.5 million

Real Estate NJ
October 27, 2022

A development site that could house more than 130 luxury apartments has changed hands in Jersey City’s West Side neighborhood, in a deal arranged by B6 Real Estate Advisors. Brokers say the 31,000-square-foot property, 70 Mallory Ave., traded for $6.5 million in a transaction involving two undisclosed parties. Plans for the site call for a […]

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B6 Brings Chelsea Portfolio to Market for First Time in a Century

Connect CRE
October 7, 2022

B6 Real Estate Advisors is marketing the sale of Chelsea Corner, a collection of four mixed-use buildings in Manhattan’s Chelsea neighborhood.  Listed at $22 million, the portfolio is on the market for the first time in over 100 years.  

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B6 Real Estate Arranges $4.5M Sale of Jersey City Apartment Building

RE Business Online
September 22, 2022

Locally based brokerage firm B6 Real Estate Advisors has arranged the $4.5 million sale of a 25-unit apartment building in Jersey City’s West Bergen neighborhood. The property comprises 20 one-bedroom units and five two-bedroom units. Titanium Capital Partners purchased the asset for an undisclosed price. Yanni Marmarou led the B6 Real Estate team that brokered […]

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B6 Lists New-Construction Elevator Building in Midtown West

Connect CRE
September 12, 2022

B6 Real Estate Advisors  will serve as the exclusive agents of sale for 362 W. 53rd St., a new-construction property in Midtown West listed for $8.5 million. The property was built for a condo-conversion, B6 says it represents a rare opportunity to acquire a newly built elevatored building in the neighborhood.  

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Jersey City apartments trade for $4.5 million, in one of four new deals by B6 Real Estate

Real Estate NJ
September 8, 2022

An investment group has acquired a 25-unit apartment building in Jersey City’s West Bergen neighborhood, in one of several recent deals by B6 Real Estate Advisors. The brokerage firm said the buyer, Titanium Capital Partners, paid $4.5 million for the 5,700 square-foot property at 2005 Kennedy Blvd.

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B6 Real Estate Advisors Completes Approximately 50,000 Square Feet in Sales Totaling $12.75 Million Throughout Hudson and Union Counties in New Jersey

Real Estate Weekly
September 8, 2022

B6 Real Estate Advisors, the New York City (NYC)-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

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Dual Walkup Buildings Listed on Upper East Side

Connect CRE
August 18, 2022

B6 Real Estate Advisors has listed 303 – 305 E. 93rd St., two contiguous four-story multifamily walkup buildings in the Yorktown section of Manhattan’s Upper East Side. The firm’s Thomas Gammino and Patrick Donahue have the listing, for which ownership is requesting proposals. 

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Home of famed Lower East Side hot spot up for sale

New York Post
August 7, 2022

A piece of Lower East Side nightlife history is up for grabs. The owners of the building that was home to restaurant/nightspot Stanton Social, at 99 Stanton St., are asking for $5.9 million via B6 Real Estate Advisors’ Jonathan Buerger and Stephen Dadourian.

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One of the city’s last hourly-rate hotels is calling it quits

Crains
July 26, 2022

On a triangular block along 10th Avenue sits the Liberty Inn, one of the city’s last remaining “no-tell motels,” where a room can be booked by the hour.  The building is mostly unassuming, well-maintained and discreet. Its owners expect it to sell in the mid-$20 millions, according to B6 Real Estate, the brokerage marketing the […]

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