News: Owners Developers & Managers
Posted: February 3, 2011
Cawley and Braun of United Multi Family broker $1.375 million sale for Franklin Realty Development
United Multi Family brokered the sale of a 17-unit apartment building at 565, 575, 585 Sea St., for $1.375 million ($80,882 per unit). The transaction was handled by Richard Cawley and Jason Braun of the United Multi Family New England office. The brick residences were built in 1971 and sold by Franklin Realty Development LLP to Sea Street Holdings CME LLC with financing provided by the seller. The CAP rate at the time of sale was 9.72% with the property having a gross annual income of $212,520.
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Columns and Thought Leadership
Capitalizing on next-gen electric vehicle charging in New York/New England real estate - by Hooman Shahidi
For property owners and developers, tenant experience is everything. This means top-notch building amenities and technology integrations that match their lifestyle. As the electric vehicle (EV) industry grows, EV charging is at the top of their list of amenities.
Brownfield redevelopment: Sometimes it’s not just about economic development - by George Naslas
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You can’t manage what you don’t measure - by Jay O'Connor
Reasons to submeter electrical and HVAC Loads At standalone and multi-unit properties. As a property owner or manager, we all should understand the importance of managing costs, promoting conservation efforts, and maintaining compliance with regulations. Submetering is a powerful tool that can help you achieve these goals and more.
The value of comfort: The workplace will never be as convenient as home, but it can be as comfortable - by Steve Hibbard
In real estate construction and development, there are numerous balances struck between comfort and affordability. We all want the class A office space with artisanal trimmed offices, brilliant lighting, silent air systems, and the hilltop belvedere view from the executive suite. Everyone wants that coveted corner office.