NYC real estate in brief

March 02, 2009 03:22PM

Bay Ridge building sells for $2.1M
Time Equities
recently represented the buyer in the purchase of a 6,480-square-foot
mixed-use building at 9102 Third Avenue in Bay Ridge, Brooklyn for
$2.1 million. The fully occupied building has nine residential units
and three retail spaces. The buyer, identified as Clearview 9102 LLC,
bought the property as an investment. Retail tenants in the building,
which was built in 1925, include the Little Cupcake Bakeshop, Annie’s
Expert Tailoring and FD Lore Construction Consulting.

General manager of Trump Soho announced
David Chase has been
named the general manager of the condo-hotel Trump Soho New York.
Before joining the Trump Soho team, Chase was the hotel manager of the
Ritz-Carlton New York, Battery Park, and has also worked at the St.
Regis New York and the Ritz-Carlton in Boston and San Francisco. Trump
Soho has 400 condo-hotel units.

Report says N.J. properties are over-assessed

According to a report by property tax analysis Web site,
29 percent of New Jersey homeowners should appeal their property tax
assessments because their properties have been over-assessed. The
report found that about half the property records available through the
New Jersey Division of Taxation have incomplete information, like
missing square footage, which makes it difficult for homeowners to
determine whether their home has been accurately assessed. The report
said that in some communities, residential properties have been
over-taxed by at least 15 percent. TRD

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