NuRealty Advisors Inc. Proudly Announce the Sale of 58 Bruce Avenue and 143 School Street Properties in Yonkers, NY

• 58 Bruce Avenue, Yonkers, NY 10705
• 14 Residential Units & 1 Commercial Store
• Sales Price: $2,150,000

• 143 School Street, Yonkers, NY 10701
• 8 Residential Units
• Sales Price: $1,205,000

NuRealty Advisors Inc. Divulge the Sale of 13 Bent Avenue, Port Chester, NY 10573

PORT CHESTER, NY — December 23, 2021 — NuRealty Advisors Inc. is proud to announce the sale of 13 Bent Avenue, Port Chester, NY 10573. The property offered one Commercial and four Residential units. Family Owned for over 30 Years. For further information, direct email to Team@NuRealtyAdvisors.com.

NuRealty Advisors Inc. is proud to announce the Sale of 13 Bent Avenue, Port Chester, NY 10573. For further information, please contact: Team@NuRealtyAdvisors.com.

The property offered one Commercial and four Residential Units. Family Owned for over 30 Years.

For further information, direct email to NuRealty Advisors Inc. at Team@NuRealtyAdvisors.com

NuRealty Advisors Inc. Announced the Sale of 195-199 Hoover Road, Yonkers New York

YONKERS, NY — December 6, 2021 —  NuRealty Advisors Inc. announce the sale of 195-199 Hoover Road, Yonkers, NY 10710 this past Friday, December 3, 2021.

NuRealty Advisors Inc. Closed on the Sale of a 26 Units Multifamily Dwelling Situated at 156-158 Woodworth Avenue, Yonkers NY 10701

YONKERS, NY — December 3, 2021 — NuRealty Advisors Inc. closed on the sale of a 26 Units Multifamily dwelling located at 156-158 Woodworth Avenue, Yonkers NY 10701. The property is situated within a half mile from Yonkers Metro North

NuRealty Advisors Sells 26 Units Multifamily Within a Half-Mile from Yonkers Metro North Station

YONKERS, NY — November 23, 2021 — NuRealty Advisors Inc. sold the property situated at 156-158 Woodworth Avenue, Yonkers NY 10701

Seller Name:  156 Woodworth LLC

Buyer Name:  156 Woodworth Properties, LLC

Purchase Price:  $4,045,000

Brokers:  Michael Nukho, Principal Broker, and Lukasz Przybylek, Associate Broker

Closing Date:  November 17, 2021

Note: This was a very opportunistic deal which provided the buyer with rental growth in a striving Yonkers environment replete with plenty of development activity by the waterfront.

Oren M. Levin-Waldman, Socio-Economic Research Scholar, Mike Nukho, Founder/President/Principal Real Estate Broker of NuRealty Advisors, Inc

Oren M. Levin-Waldman, Socio-Economic Research Scholar, Mike Nukho, Founder/President/Principal Real Estate Broker of NuRealty Advisors, Inc., and Hezi Aris, Yonkers Tribune Publisher/Editor on Westchester On the Level – Wednesday, May 5, 2021 from 10am-12Noon

Topics Discussed are Defined Herein

Listen to this broadcast “Live” or “On Demand” via the Internet … http://tobtr.com/s/11937186 

NEWARK, NJ; and YONKERS, NY — March 10, 2021 — Oren M. Levin-Waldman, Socio-Economic Research Scholar opens the broadcast day in discussion of his most recent essay, “The Real Consequences of Globalization that Nobody Discusses”.  From 10-11am EST.

Mike Nukho, Founder/President/Principal of the Real Estate Brokerage Firm NuRealty Advisors, Inc. are defined below:

• Extension of the Eviction Moratorium from 5/1/2021 to 8/31/2021
  • Been in play for about 15 months and will be one full year with this extension
  • Tenants have not been instructed to pay the rent they owe by the Governor.  Viewed as if it is a “Rent Moratorium” tenants are seen television campaigning for “Free Rent”.  At issue is whether every renter is incapable of paying rent? Should legislation be defined by those who can and those who cannot? What should landlords expect from the New York State Legislature?
  • One of the reasons for the extension of the moratorium was for the Office of Temporary & Disability Assistance (OTDA) to set up this “new version” of the Covid Relief Program as the prior one was a complete failure. $100M was allocated yet only about $40M was actually spent.  Many tenants were rejected from receiving assistance due to the complexity of the application.
  • Over $2B for rent relief funded by the Federal Government has been conjectured since January; yet nothing has transpired.  OTDA needs to streamline this application and push for monies to be released within 30 days so that when the Eviction Moratorium ends on 8/31/2021 tenants will have received the funds.  Will this timetable enable cases to be dropped, perhaps never to be placed on the court’s calendar or will the court’s be clogged for years to come.
  • We question whether there are necessary safeguards in place to protect tenants. For example: 
    • Center for Disease Control (CDC) Eviction Moratorium from 3/29/21 to 6/30/21
    • Emergency Eviction & Foreclosure Prevention Act of 2020 that requires a tenant to complete a Hardship Declaration Form.  Were this form completed, would eviction be postponed and for how long? 
    • Prior to Covid, tenants were not easily evicted. The courts leaned in favor of tenants on a 65/35 split. Further still, normal evictions take many months. How long are tenants expected to be protected while landlords go unpaid?
• Many tenants have not qualified for assistance, being declined for having the financial resources to pay. Will government continue to also permit them not to pay? How will the landlords function?
• The New York Real Estate Market “CRASH” stemmed from the Rent Reform Act of 2019, opposed by landlords was promoted by legislators? Why?  We question how removing the avenues for landlords to raise rents results in a decline in the quality of the buildings and apartments and apartments they own. Has there been a loss of income prior to COVID and thereafter? While tenants do not pay their rent, how do landlords pay their bills? Do landlords also enjoy a moratorium on the bills they owe?
• We learn the likely outcome of President Biden’s proposed tax plan:  1)  Capping 1031 Exchange to $500K and 2)  Removing Step-Up basis on death.  This will never allow anyone to sell a property. From 11am-12Noon.

Hezi Aris, Yonkers Tribune Publisher/Editor is your host today. 

NuRealty Advisors Inc. Proudly Announce the Closing / Sale of 390-404 Central Park Avenue, Scarsdale, NY 10583

SCARSDALE, NY and YONKERS, NY — March 6, 2021 — NuRealty Advisors Inc. has sold 390-404 Central Park Avenue, Scarsdale, NY 10583.  This was a 6K SF Retail Strip with approximately 40 parking spots.  NuRealty Advisors Inc. represented both sides of the transaction and closed this deal during the Covid pandemic.  Challenging times to sell real estate in New York as many investors are worried about the New York Real Estate market following the decline in Multi-Family valuations due to the Rent Reform Law of June 2019 and challenges of Covid.

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Victoria Gearity, Ossining Mayor, Mike Nukho, President and Principal Broker of NuRealty Advisors, Inc.,

Victoria Gearity, Ossining Mayor, Mike Nukho, President and Principal Broker of NuRealty Advisors, Inc., Nancy Cooperstein Charney, Filmmaker of Amazon Prime’s “Who’s Next”, and Hezi Aris, Yonkers Tribune Publisher / Editor-at-Large on Westchester On The Level – Friday, May 22, 2020 @10am EST

OSSINING, NY, and YONKERS, NY — May 22, 2020 — Ossining Mayor  Victoria  Gearity opens the broadcast day. We discuss the prospect of a nation and state financially bereft and devoid of the mechanisms to seemingly shepherd its citizenry due to a lack of financial capacity by its citizenry. How can Ossining manage its finances? Can people hold out from paying rent to their landlord, whether for their residence of business? Is a legal transition being contemplated? If so, how long before it can be implemented? It not, then what? From 10-10:30am.

Mike Nukho, Founder, President and Principal Broker of NuRealty Advisors, Inc., a Commercial Real Estate Brokerage Company, and a Partner of GEM Management Partners LLC, a Multi-Family Residential Property Management Company speaks to his Open Letter to NYS Governor Andrew M. Cuomo which was published on May 18, 2020 and entitled: A Balanced Approach: Stimulus Checks Are Deficient in Protecting Tenants’ Security and Rights, and it is certainly a remedy to the plight revealed by ProPublica’s reporter Alec MacGillis’write-up entitled Rent Is Still Due in Kushnerville. first published on May 21, 2020.

“Who’s Next?”, an Amazon Prime documentary feature by award-winning American filmmaker Nancy Cooperstein Charney follows six Muslim-American families as they navigate ongoing hostility and discrimination nearly two decades after 9/11. We learn the consequences 9/11 exacted on Muslim-Americans, and if societal response infers similar bias and bigotry onto others? Is America’s response to 9/11 an aberration specific to American sensibilities or one that resides in people aching hearts for generations? Has humanity yet been able to separate perpetrators from their religious adherence or their ethnic identity? How do people bridge that horror, lived or influenced by its telling? From 11-11:30am.

Yonkers Tribune Publisher / Editor-at-Large Hezi Aris engages in the latest news replete with commensurate analysis. From 11:30am-12Noon

A Balanced Approach: Stimulus Checks Are Deficient in Protecting Tenants’ Security and Rights By MICHAEL NUKHO, CPM

An Open Letter to New York State Governor Andrew M. Cuomo

YONKERS, NY — May 16, 2020 — I am 100 percent on board to assist tenants as a result of the Coronavirus (COVID-19) crisis which has impacted tenants’ concerns vis-a-vis their anxiety level regarding their capacity to meet their monthly rent. Despite your concern and empathy regarding tenants, I suggest, with all due respect, that your approach does not meet the needs of tenants. (more…)

Yonkers Waterfront Continues to Be a Real Estate Investment No-Brainer By HEZI ARIS

YONKERS, NY — May 11, 2020 —  117 Morris Street, Yonkers, NY 10705 screams “Location, Location, Location”. The mantra is the suggested valuation of property being developed and the logic and value of development for the developer and as well as for future residents. While value is an elusive concept the surrounding area is not a one off. A burgeoning consensus is validated and informed by other close by future developments in what is a very desirable and strategic location. Future development by the Ginsburg Development Companies (GDC), Ludlow Point, and 70 Pier Street, will offer a combined 550 rental apartments on the waterfront with views of the Palisades beyond the ebb and flow of the majestic Hudson River, and the convenience of Metro North commuting transport.

The transaction was procured and closed during the midst of the COVID-19 Pandemic. NuRealty dealt firsthand with the new complex changes of the financing environment and led this deal to a successful closing. The deal offers excellent returns and tremendous upside for the buyer.

Michael Nukho and Lukasz Przybylek respectively represented the seller, Allison Valeltin, and the buyer, GSB Morris LLC.

NuRealty Advisors Inc. Consummates Another Purchase and Sale By HEZI ARIS

YONKERS, NY — March 26, 2020 — “This was an extremely challenging sale given light of the 2019 Rent Reform Law which took effect on June 15, 2019,” noted Michael Nukho, Principal Broker of NuRealty Advisors Inc. (more…)

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

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. (more…)

CBRE Secures $6.0M in Financing for Acquisition of Multifamily Portfolio Situated in Yonkers, New York

CBRE Capital Markets’ Debt & Structured Finance team secured a $6.0 million loan for the acquisition of a multifamily portfolio consisting of three residential properties in Yonkers, New York. Jared Sobel, vice president, of CBRE’s Midtown Manhattan office arranged the financing on behalf of the borrower. The five-year, interest-only, non-recourse, fixed-rate loan in the mid three percent range, was provided by Freddie Mac. (more…)

CBRE ARRANGES $8.0 MILLION IN ACQUISITION FINANCING FOR A SIX-PROPERTY MULTIFAMILY PORTFOLIO IN YONKERS

NEW YORK, NY (July 14, 2016) – CBRE Capital Markets’ Debt & Structured Finance team has arranged $8.0 million in acquisition financing for a six-property multifamily portfolio in Yonkers, NY. The portfolio was sold by Michael Nukho, principal broker, and Lukasz Przybylek, associate broker, both representing NuRealty Advisors INC., who is based in Yonkers, NY. (more…)

Local Firm Selected by Commercial Real Estate’s Largest Research Organization as One of the Top Leasing and Sales Firms in the Market

NuRealty Advisors Inc., managed by Michael Nukho (Principal Broker) and Lukasz Przbylek (Associate Broker) has been selected by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, to receive a CoStar Power Broker TM Award. This annual award recognizes the “best of the best” in commercial real estate brokerage by highlighting the firms and individual brokers who closed the highest transaction volumes in commercial property sales or leases in 2016 within their respective markets. (more…)

Empire City Casino draws retail investment on Yonkers Avenue

Despite the state moratorium on new casino licenses, MGM’s acquisition of Empire City Casino and Yonkers Raceway last year is luring new capital to the immediate area, according to real estate firm NuRealty Advisors.

NuRealty, a Yonkers-based brokerage, said the trend is evident in the sale of the 22,735-square-foot retail center at 778, 786 and 790 Yonkers Ave., located one block from the casino.

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Mike Nukho

Michael Nukho was born and raised in Yonkers with over 500 Yonkers apartments under the management through GEM Management Partners LLC, he and his team has represented purchasers and buyers for over $100M worth of closed transactions in Yonkers since 2016 through NuRealty Advisors Inc (brokers).

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