NuRealty Advisors Inc. Recently Brokered the Purchase and Sale of Property in the City of Yonkers

Tribune Business, Community, History, Housing, Law, People, Westchester County, NY, Yonkers, NY Leave a Comment

Michael Nukho, NuRealty Advisors Inc. Principal Broker said, ‘This was an extremely challenging sale as we began listing the property in November 2019. We experienced a downturn in the market both leading up to and post the 2019 Rent Reform Law which took effect on June 15, 2019. NuRealty Advisors Inc. was instrumental to instill confidence in the parties to both educate and broker the effects of the new law both in operations and valuation. We are excited to be a brokerage firm that has the skill set to navigate through any market condition for our investors.”

Purchaser’s Agent Lukasz Pryzbylek, and Associate Broker of NuRealty Advisors Inc. said, “Although this was an in-house transaction, the Investor was excited to engage in a transaction that coupled with strategic financing as consulted by NuRealty, delivered a high Return on Investment (ROI) specifically for the Cash-on-Cash matrix and allowed for significant upside in the property for years to come.

Property Address: 84-86 Hamilton Avenue, Yonkers, NY 10705

Description: 38 Unit Apartment building

Construction: Pre-War Masonry subject to the Rent Stabilization Laws

Closing Date: February 27th 2020

Selling Price: $5,050,000.00

Seller:  251 Warburton Ave LLC and 84-86 Hamilton Realty Partners LLC

Purchaser: GSB Hamilton LLC

Sellers Agent: Michael Nukho, Principal Broker of NuRealty Advisors Inc.

Purchasers Agent: Lukasz Przybylek, Associate Broker of NuRealty Advisors Inc.

84-86 Hamilton Avenue, Yonkers, NY 10705

The takeaway is that this transaction is a testament to the experience and professionalism that is applied to a tough market by the principals of NuRealty Advisors Inc., and the continuing interest in the City of Yonkers as a real estate Return on Investment (ROI) venue.

TribuneNuRealty Advisors Inc. Recently Brokered the Purchase and Sale of Property in the City of Yonkers

Leave a Reply

This comment will be displayed anonymously. Your name and email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.