Author Archives: rubinisak

About rubinisak

Exclusively representing sellers of investment property in NYC and the Outer Boroughs.

QUEENS MAJOR TRANSACTIONS REPORT – 3rd Quarter 2014

Commercial real estate in Queens has been getting a lot of attention in media outlets recently. Over half a Billion dollars have been invested here in the last quarter alone. Below I will touch on a few of the most … Continue reading

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By The Numbers: Values Skyrocket in Queens Multifamily Acquisitions (As Published in the New York Real Estate Journal)

Queens as a whole has enjoyed terrific multifamily sales activity in 2013. In the first three quarters of 2013, in the 12unit+ subsector, there have been 47 transactions, containing 70 buildings with 2,784 units for a total gross consideration of … Continue reading

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Queens, NY: Build it and they will come? (As Published in New York Real Estate Journal)

Queens, NY; The largest Borough in land area. A Borough bounded by two of the busiest airports in the world, LaGuardia and JFK. Over 2.27 Million inhabitants settled here. It is the second most populated borough after Brooklyn and on … Continue reading

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Queens, NY | Commercial Real Estate News | July 2013 – Rubin Isak Report

*Saxon Hall, at 62-60 99th Street, Rego Park NY, has sold for $85.25Million; over $200k/unit. The +500,000 SF, 16-story,417-unit, luxury apartment building last sold in 2008 for $74Million.     *41-17 Crescent Street in Long Island City,The Crescent Club, a 130-unit, 17-story, … Continue reading

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NEIGHBORHOOD SPOTLIGHT: LONG ISLAND CITY, THE BUSIEST NEIGHBORHOOD IN QUEENS

Long Island City in 2012 turned out to be a year of major transactions, achieving sales prices rarely seen in the Queens market. Investors and Developers are placing their money here due in part to the great zoning in the … Continue reading

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Obamacare and Capital Gains Taxes

Recently, Obamacare was upheld by the Supreme Court. What does this mean to property owners? #1, if you were thinking of selling in the near future, before the end of this year should be the goal. That may sound like … Continue reading

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Queens, NY Multifamily Summary – 2011, 2012

In 2011 in the borough of Queens, there have been 37 transactions containing 39 buildings in the 12-family and above submarket.  That includes 1,666 residential units and 16 commercial units for a total of 1,682 units consisting of 1,442,629 square … Continue reading

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