Single-family home sales, the region’s largest segment, fell 7.1% to 2,565, while median prices rose 4.7% to $748,500.
DelliPaoli brings more than two decades of nonprofit leadership experience, with a strong background in community engagement, human resources and organizational development.
The LINC Project will transform a section of Memorial Highway — originally built in the 1960s and responsible for severing a historically Black neighborhood—into a linear park and community connector.
TUCKAHOE—Valon Nikci, president and principal broker of Link NY Realty of Bronxville, reports it represented the buyer in the $8-million purchase of 269-273 Columbus Ave. in Tuckahoe.
The undisclosed buyer is a New York City landlord. The mixed-use property totals 34,888 square feet and features residential, office and retail uses.
The new owner plans to keep the property as is, according to Link NY Realty.
Across major U.S. markets, elevated amounts of vacant space in office and some industrial markets present tenants with leverage to negotiate favorable lease terms. However, the window to capitalize on market dislocation may be closing.
Norges Bank Investment Management will pay $542.6 million for its 95% ownership interest, valuing the property at a gross value of $571.1 million.
The acquisition of the two adjoining properties represents a strategic opportunity to create a best-in-class new building on a prominent development site in the heart of Midtown East.
Cloudbound joins PXG Westchester and My Salon Suite at 80–110 Nardozzi Place as well as LA Fitness and Dello Russo Laser Vision at Simone Development’s adjacent 70 Nardozzi Place.
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