Recent Sale:
$1.85 Million
394 Hendrix Street (between Belmont & Pitkin Avenues)
East New York, Brooklyn
A local investor has bought, and plans to renovate, this 13,200 square foot vacant brick commercial building, built around 1930 and previously used for health care offices. It features 12 foot ceilings, gas heat and a full sprinkler system.
Buyer: HRS NY Realty
Seller: NY PCC
Brokers: Allison Chambers, Joel Kohn and Avrum Lieber of Kalmon Dolgin Affiliates
August 4, 2023
400 new affordable apartments were announced for the Financial District this past week. Roughly a third of the new buildings at 5 World Trade Center, will be set aside for middle- and working-class New Yorkers, with 80 of those apartments earmarked for people who lived and worked near the old World Trade Center as well… Read more »
May 22, 2023
“The mortgage refinancing boom is over, but its impact will be seen for decades to come”. Fed data shows that about 14 million mortgages were refinanced during the pandemic period starting in March 2020. Some 64% were considered “rate refinances,” or homeowners looking to take advantage of lower borrowing costs. Average savings totaled about $220… Read more »
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