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Gamer joins Marc Belsky Ltd as managing director

Ilya Gamer

Manhattan, NY Marc Belsky Ltd, an intermediary firm special…

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Source: https://nyrej.com/gamer-joins-marc-

TF Cornerstone signs Somedays Bakery at 4630 7th Center Blvd.

Queens, NY TF Cornerstone (TFC) negotiated a new lease signing with Somedays Bakery at the ground floor of their 4630 Center Blvd. property in the Long Island City neighborhood. The bakery, known for their baked goods and coffee, will be opening its doors at this location next Ap…

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Source: https://nyrej.com/tf-cornerstone-si

Ariel Property Advisors arranges sale of 151 Smith St. for $3.6 million

Brooklyn, NY Ariel Property Advisors (Ariel) arranged the sale of a mixed-use building at 151 Smith St. in Boerum Hill for $…

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Source: https://nyrej.com/ariel-property-ad

CoreNet NYC celebrates annual 2024 Corporate Real Estate Awards for Excellence

Shown are the CoreNet NYC Executive Board.

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Source: https://nyrej.com/corenet-nyc-celeb

The ideal candidate for office-to-residential conversion – by Robert Khodadadian

Robert Khodadadian

The rise o…

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Source: https://nyrej.com/the-ideal-candida

Lee & Associates NYC leases 21 West 38th St. to 100%

Manhattan, NY Lee & Associates NYC has completed the leasing of 21 West 38th St., a 17-story, 75,000 s/f office building in Midtown South. Todd Korren, principal and executive managing director of Lee & Associates NYC, led the team by facilitating a new 4,465 s…

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Source: https://nyrej.com/lee-associates-ny

Chaney of Rosenberg & Estis completes $6.6 million sale of air rights to Alchemy Properties

Manhattan, NY Rosenberg & Estis, P.C. has completed the $6.6 million sale of air rights on behalf of Plentino Realty.

Frank Chaney, counsel, represented Plentino in the sale of air rights from its properties at 1488 and 1490 First Ave. on the Upper East Side to Alch…

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Source: https://nyrej.com/chaney-of-rosenbe

Baby-faced Tren de Aragua crew at NYC migrant shelter targets Times Square — and they’re getting away with it

A brutal crew of baby-faced Tren de Aragua migrant gangbangers at a city-funded Manhattan shelter are pulling off armed robberies in Times Square — and they’re getting away with it, officials and sources said.

Nearly two dozen young migrant thugs, some as young as 11 years old, are part of a dangerous asylum-seeking brat pack that has graduated from purse snatchings to gunpoint heists targeting New Yorkers and tourists alike, a top NYPD official told The Post.

But they’re managing to stay out of jail because of their ages and the Empire State’s lenient criminal justice laws, Detective Bureau Assistant Chief Jason Savino said.

“You have individuals that are brazen,” Savino said. “We know they have access to guns, evident by the fact that they’ve done gunpoint robberies and they’ve been brazen enough to showcase pistols in and around their social media.

“This is the first formulated group that we found where this group of about 20 individuals that, in pack format, hang out every day, they post on social media, they boast about their crew,” the chief said. “You see little pockets in and around Times Square and in and around the shelters.

Proposed 12% tax hike ruffles feathers in Hempstead: ‘Stupid and crazy’

HEMPSTEAD, N.Y. (1010 WINS) – Residents are balking at would be one of the largest tax hikes in years in the Town of Hempstead—12.1%.

“No, no, no, that’s crazy—too much already,” one man said Monday when asked about the tax hike.

He said the price of gas and food is already sky high on the island and called the budget proposal “stupid and crazy.”

“They didn’t do much for the town,” he said. “Why they raise the tax—for what, for whom?”

Another resident called the proposal “absolutely ridiculous,” echoing concerns that residents aren’t getting much bang for their buck.

“We’re getting very little for our money now,” he said. “How dare they raise our taxes and give us even less than they’re giving us now.”

The plan would increase the town’s spending to $549.1 million, up from $522.5 million in the 2024 budget, according to Newsday.

Special town meetings will be held Tuesday afternoon and evening so residents can voice their opinions on the tax increase. Hempstead Democrats also planned a 1:30 p.m. rally at the Town Hall, “Residents Rally to Stand Up to Hempstead Town Board’s 12% Tax Hike.”

A spokesperson for the town said the town has reduced or frozen the tax levy for last four years while aggressively controlling costs, calling the 12.1% number is a “misrepresentation of the facts.”

“The reality is that the Town of Hempstead has frozen or reduced the tax levy each year for the past 4 years,” the spokesperson, Brian Devine, said. “We have aggressively controlled costs that are within the Town’s discretion while employing cost-saving measures to offset the impact of increases in the costs of unfunded state-mandates. In fact, the proposed 2025 spending plan pares down the Town’s workforce, saving taxpayers $16.6 million in payroll and associated costs. Modest positive adjustments to certain budgeted amounts are included in the 2025 proposal. The Town looks forward to continuing to craft budgets that provide for the finest municipal services at the lowest possible cost.”

Town Supervisor Donald Clavin, who has put forth “tax freeze” budgets in recent years, described the increase in the proposal as “modest positive adjustment to property-based revenues.”

After Hempstead dipped into reserves to close budget deficits, the credit rating agency Moody’s warned the town in April that its Aaa bond rating may be downgraded if it continued “structurally imbalanced budgets that rely on the use of reserves to support ongoing operations,” Newsday reported.

Six Long Island communities where home prices rose more than 15%

“Inventory is beginning to climb in the second half of 2024, but it’s still skewing to historically low levels,” said Jonathan Miller, CEO of Miller Samuel, which provided Newsday with data on home prices across nearly 200 communities on Long Island. “As a result, we saw record prices.”

That dynamic was certainly at play in six areas that saw some of the fastest price growth on Long Island. In Nassau County, Great Neck, Manhasset and Franklin Square saw prices rise the fastest among areas where there were at least 50 sales from January to June compared with the same stretch a year ago.The median price in Great Neck rose more than 35% from the previous year.

In Suffolk, East Patchogue, Amityville and Middle Island led all communities with enough sales to qualify. 

But it wasn’t just those areas. Fast-rising prices prevailed across the Island in the first half of the year.

Among communities where there were at least 50 sales in the January to June period, 73 of 76 had a higher median price during the first half of the year compared with the same time frame a year ago. Most of those areas had at least a 10% year-over-year increase in the median price of a home.