From left: Gabriel Bullaro and the buildings at 216, 220 and 222 West 30th Street
A trio of owners have decided to pool their four occupied properties and market them together, creating a 10,000-square-foot plot on West 30th Street that their exclusive broker, Gabriel Bullaro, suggests would work well for a hotel or residential development, The Real Deal has learned. [more]
The Davos, a ground-up condominium project near Herald Square, is less than a week away from getting its offering plan approved and will hit the market immediately after, according to Gabriel Bullaro, the independent broker who was tapped to market the development.
Located at 143 West 30th Street between Sixth and Seventh avenues, the Davos has 15 stories comprised of 24 one-bedroom apartments below two duplex penthouses. There are two units per floor, each measuring approximately 700 square feet with its own balcony. Prices will start at $895,000 but have not been finalized for upper-floor units, according to Bullaro. There’s also a ground-floor commercial space that Bullaro will market. – Adam Fusfeld
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The announcement earlier this month from Massey Knakal Realty Services that it was entering
the retail leasing business brought not only a major new competitor
to New York City store rentals, but also introduced a novel
brokerage model to the notoriously fractured industry. The 22-year-old firm has grown to be one of the largest investment sales companies in the city
relying on a system that divides the New York metro area into nearly 50 geographic territories
and assigns a broker to each one. It is believed to be the only firm to use a territory system for
retail brokerage. [more]
The six-year-old online real estate data firm PropertyShark.com is opening a new front in the commercial listing wars by publishing free local retail and office listings, in a direct but limited challenge to market leaders Costar Group and Loopnet. While not yet complete, PropertyShark.com began listing office and retail space availabilities in Manhattan, Brooklyn and Queens several months ago, but discussed the plans publicly for the first time with The Real Deal. The company plans to have comprehensive retail listings by January and office listings by the end of the first quarter of 2010, company founder Matthew Haines said. That information would be followed in the second quarter with commercial property sales listings. “We want to have the most comprehensive and the most accurate database of listings available,” Haines said. “We want to capture market share from Loopnet, Costar and the New York Times.”
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