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.
Quarterly Report






Quarterly Reports

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.
Insights

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.
Recent News
Recent Commercial Real Estate Transactions
26-34 Sherman Avenue: Built in 1928, this 10,000 SF building in the Fort George neighborhood has been owned by the same family since 1976. The single-story building was last used as a medical facility by New York State.
Read MoreVeteran broker Brock Emmetsberger joins B6
Emmetsberger is a veteran of Massey’s previous firm. The B6 CEO cited his close ties with the broker and his track record — particularly in the Chelsea and Greenwich Village markets — as reasons for bringing him on board.
Read MoreTom Gammino joins Paul Massey’s B6
Investment sales veteran Tom Gammino is reuniting with Paul Massey at his B6 Real Estate Advisors brokerage.
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The Forest Hills Jewish Center has put a development site in Forest Hills, Queens on the market. The lot is over 36,000 square feet and has a four-story, 68,000 SF religious/educational facility.
Read MoreBrooklyn developers bringing 120 luxury rentals to Bushwick
Brooklyn developers the Horizon Group and Michael Wittow have picked up six vacant Bushwick lots for $14 million with plans for an 82,000 square foot residential development.
Read MoreTodt Hill St. Charles Seminary property on market for $7.25M
“The Earnest Flagg estate is a Staten Island and New York City treasure."
Read MoreDiamond District building listed for $113M
A 12-story building in New York’s Diamond District has hit the market for $113 million — a cut above its last sale price of $1.3 million.
Read MoreDiamond District gem hits the market for $113 million
“I think the perfect buyer is going to be someone with a very long term view of New York City,” Massey said. “To be able to buy a HQ building smack in the middle of 47th and 5th close to Grand Central is a rare opportunity.”
Read MoreCalling upon all New Yorkers: It’s time to return — let’s bring back the NYC we all know
When we New Yorkers are in need, we pick each other up, raise each other’s’ spirits and promote the rebuilding of the greatest city in the world.
Read More2020 Top Young Professionals
Matthew Shatz named Top 25 under 35 in Finance. “I’m probably more productive and busier than I’ve ever been in my career,” Matthew Shatz told CO.
Read MoreWHO’S NEWS: Appointments and promotions
B6 Real Estate Advisors announced the appointment of Brian Streilein as Director. Streilein will focus on investment sales in Bergen County, New Jersey.
Read MoreBrokers ‘Acting Like Therapists’ To Close Deals Amid The Crisis
Deals have closed throughout the crisis— though uncertainty means they are taking more work, lateral thinking, term renegotiations, and a dose of compassion — to get them over the finish line.
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