1165 Broadway Sells for $56MM
The $56 million sale of 1165 Broadway highlights strong investor demand for NoMad properties with credit retail income and long-term redevelopment potential under the new MSMX zoning, despite landmark constraints.
Conversions within the Midtown South Mixed-Use Plan (MSMX) are Underway
The sale of 254 West 35th Street is notable both for its pricing jump and for what it signals about post-rezoning feasibility in Midtown South Mixed-Use Plan (MSMX).
COPA (Intro 902): A Direct Threat to NYC’s Multifamily Investment Sales Market
As brokers who advise owners, sellers, landlords, developers, and investors across the five boroughs, we’ve seen policy swings before — but nothing as disruptive to the actual functioning of the investment-sales market as the proposed Community Opportunity to Purchase Act (COPA), also known as Intro...
The First Sale in the New MSMX Zoning
1181 Broadway — better known as the Baudouine Building — recently sold for $24 million, or approximately $875 per square foot. This represents the higher end of prices achieved for an office property in Midtown South, especially as much of the broader office market remains...
Midtown South Mixed-Use Plan
The Midtown South Mixed-Use Plan (MSMX) is a city-led initiative designed to address New York’s ongoing housing shortage by repurposing office buildings to residential use. The current zoning in the sub-districts (see map) only allows commercial uses as-of-right. The MSMX plan allows those areas to...
Atlantic Avenue Mixed Use Plan Officially Adopted: A New Era for Central Brooklyn
On May 28, 2025, the New York City Council voted 49-0 to officially adopt the Atlantic Avenue Mixed Use Plan (AAMUP), marking a major milestone in Brooklyn’s urban development. This transformational rezoning is expected to reshape parts of Crown Heights, Bedford-Stuyvesant, and Prospect Heights, unlocking...
OneLIC Rezoning Advances
NYC Planning has launched the OneLIC rezoning plan, targeting 54 blocks of western Queens. The proposal could bring 14,700 housing units, new MIH zones, and millions of square feet in commercial space—reshaping Long Island City for the next decade.
From Bust to Bet: The Case for Reinvesting in Rent-Stabilized Buildings
On a brisk October day just a couple of months ago, it was announced that Floyd Mayweather Jr. had inked a $402,000,000 deal to purchase 60 buildings with 1,000 rent-stabilized units from Josh Gottlieb’s Upper Manhattan portfolio. Countless professionals who have spent decades in the...
Learn more about "Liberty Inn" recently bought by Hyundai Motor America.
Downtown in NYC’s West Village neighborhood sits a 7,000 SF structure beside the West Side Highway. It is the last hourly rate hotel ($95 for two hours and $155 for six hours in case you are in the area) in Manhattan’s meatpacking district—a relic...
Bronx Rental Market on Fire
During a 1977 World Series game between the New York Yankees and the Los Angeles Dodgers, the blustery sports broadcaster of that era, Howard Cosell, remarked that the “Bronx is Burning,” and he wasn’t being figurative. During the televised broadcast, an ABC aerial camera panned...
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