Predictions that rising interest rates and the specter of an economic downturn would slow the city’s investment sales market appear to be coming to fruition. Just two transactions involving commercial properties valued between $10 million and $40 million hit city records last week, the first full week of dealmaking in September. Both were in Brooklyn. 1. Entities tied to Arch Companies bought a development site at 1633 East 16th Street in Midwood, Brooklyn, for $22.3
Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Brooklyn, Investment Sales, Manhattan, Manhattan Sales The Real Deal New York Read More