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Press Releases

October 10, 2023

NuRealty Advisors Inc. Proudly Announce the Sale of 143 School Street, Yonkers, NY 10701

This MultiFamily property located in New York was sold for $1,205,000 over 1 year ago. The brokers of the deal were Lukasz Przybylek and Michael Nukho
For further information, please contact NuRealty at Team@NuRealtyAdvisors.com
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October 10, 2023

NuRealty Advisors Inc. Proudly Announce the Sale of 39 Purdy Street

This MultiFamily property located in New York was sold for $2,700,000 over 1 year ago. The brokers of the deal were Lukasz Przybylek and Michael Nukho
  • SALE
    IMAGE: Michael Nukho & Lukasz Przybylek
    DATE: 04/14/2023
    ADDRESS: 39 Purdy Street
    MARKET: Harrison
    ASSET TYPE: Multifamily

    BUYER: Gianni Scrironi
    SELLER: Dale Kahno
    BROKERS: Michael Nukho & Lukasz Przybylek – NuRealty Advisors (@NuRealtyAdvisors)

    SALE PRICE: $2,700,000
    UNITS: 13 ~ PPU: $207,692
    SF: 11,076 ~ PPSF: $244

For further information, please contact NuRealty at Team@NuRealtyAdvisors.com
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October 10, 2023

NuRealty Advisors Inc. Proudly Announce the Sale of 112 Saratoga Ave Yonkers, NY 10705

This MultiFamily property located in New York was sold for $3,050,000 over 1 year ago. The brokers of the deal were Lukasz Przybylek and Michael Nukho
  • SALE
    IMAGE: Michael Nukho & Lukasz Przybylek
    DATE: 08/17/2023
    ADDRESS: 112 Saratoga Avenue
    MARKET: Yonkers
    ASSET TYPE: MultifamilyBUYER: Moshe Abraham Summit
    SELLER: David Shaw
    BROKERS: Michael Nukho & Lukasz Przybylek – NuRealty Advisors

    SALE PRICE: $3,050,000
    UNITS: 9 ~ PPU: $338,889
    SF: 9,530 ~ PPSF: $320

For further information, please contact NuRealty at Team@NuRealtyAdvisors.com
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October 10, 2023

NuRealty Advisors Inc. Proudly Announce the Sale of 117-121 Ludlow Street, Yonkers, Ny 10705

This MultiFamily property located in New York was sold for $6,300,000 over 1 year ago. The brokers of the deal were Lukasz Przybylek and Michael Nukho
  • SALE
    IMAGE: Michael Nukho & Lukasz Przybylek
    DATE: 03/13/2023
    ADDRESS: 117-121 Ludlow Street
    MARKET: Yonkers
    ASSET TYPE: Multifamily

    BUYER: Moshe Abraham Summit
    SELLER: Gary Lee
    BROKERS: Michael Nukho & Lukasz Przybylek – NuRealty Advisors (@NuRealtyAdvisors)

    SALE PRICE: $6,300,000
    UNITS: 38 ~ PPU: $165,789
    SF: 25,291 ~ PPSF: $249

For further information, please contact NuRealty at Team@NuRealtyAdvisors.com
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October 10, 2023

NuRealty Advisors Inc. Proudly Announce the Sale of 604 Warburton Ave, Yonkers, NY 10701

This MultiFamily property located in New York was sold for $3,950,000 over 1 year ago. The brokers of the deal were Lukasz Przybylek and Michael Nukho
For further information, please contact NuRealty at Team@NuRealtyAdvisors.com
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October 10, 2023

NuRealty Advisors Inc. Proudly Announce the Sale of 2 Stonelea Pl, New Rochelle, NY 10801

This MultiFamily property located in New York was sold for $5,750,000 over 1 year ago. The brokers of the deal were Lukasz Przybylek and Michael Nukho
For further information, please contact NuRealty at Team@NuRealtyAdvisors.com
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October 10, 2023

NuRealty Advisors Inc. Proudly Announce the Sale of 12 Orchard St, Yonkers, NY 10703

This MultiFamily property located in New York was sold for $6,250,000 over 1 year ago. The brokers of the deal were Lukasz Przybylek and Michael Nukho
For further information, please contact NuRealty at Team@NuRealtyAdvisors.com
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October 10, 2023

NuRealty Advisors Inc. Proudly Announce the Sale of 50 Fairview Street Yonkers, New York 10703

This MultiFamily property located in New York was sold for $2,950,000 over 1 year ago. The brokers of the deal were Lukasz Przybylek and Michael Nukho
  • SALE
    IMAGE: Michael Nukho & Lukasz Przybylek
    DATE: 03/25/2022
    ADDRESS: 50 Fairview St.
    MARKET: Westchester County, Yonkers
    ASSET TYPE: MultifamilyBUYER: Luis Andia
    SELLER: Richard Chen
    BROKERS: Michael Nukho (www.linkedin.com/in/michael-nukho-cpm-59926914) & Lukasz Przybylek (linkedin.com/in/lukasz-przybylek-700a30181) – NuRealty Advisors Inc.

    SALE PRICE: $2,950,000
    UNITS: 18 ~ PPU: $163,888
    SF: 20,592 ~ PPSF: $143

For further information, please contact NuRealty at Team@NuRealtyAdvisors.com
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October 10, 2023

This MultiFamily property located in New York was sold for $2,150,000 Over 1 Year Ago 58 Bruce Avenue

This MultiFamily property located in New York was sold for $2,150,000 over 1 year ago. The brokers of the deal were Lukasz Przybylek and Michael Nukho
  • SALE
    IMAGE: Michael Nukho & Lukasz Przybylek
    DATE: 01/12/2022
    ADDRESS: 58 Bruce Avenue
    MARKET: Yonkers
    ASSET TYPE: MultifamilyBUYER: Christian Nolasco
    SELLER: Steve Edlund
    BROKERS: Michael Nukho (http://www.linkedin.com/in/michael-nukho-cpm- 59926914) & Lukasz Przybylek (http://linkedin.com/in/lukasz-przybylek-700a30181) – NuRealty Advisors Inc.

    SALE PRICE: $2,150,000
    UNITS: 15 ~ PPU: $143,333
    SF: 11,870 ~ PPSF: $181

For further information, please contact NuRealty at Team@NuRealtyAdvisors.com
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January 16, 2022

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

NuRealty Advisors Inc. is proud to announce the Sale of both:
  • 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
For further information, please contact NuRealty at Team@NuRealtyAdvisors.com
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December 30, 2021

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

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December 3, 2021

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.

The property is comprised of 22 Units with indoor & outdoor parking and is situated in a residential neighborhood in northern Yonkers.
For information regarding other opportunities of properties for sale, contact NuRealty at Team@NuRealtyAdvisors.com
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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

The Seller’s Name is 156 Woodworth LLC
The Buyer’s Name is 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 most opportunistic transaction which provided the buyer with rental growth in a burgeoning Yonkers Market adjacent to development activity by the waterfront.
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November 26, 2021

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.

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May 5, 2021

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. 

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March 11, 2021
As Published on Yonkers Tribune

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.

(more…)

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May 22, 2020

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

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May 18, 2020
As Published on Yonkers Tribune

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…)

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May 11, 2020
As Published on Yonkers Tribune

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.

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March 27, 2020
As Published on Yonkers Tribune

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…)

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March 26, 2020
As Published on Yonkers Tribune

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…)

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January 21, 2020
As published on LoHud

Brooklyn-based LLC snaps up three Yonkers properties

As national developers place their bets along Yonkers’ riverside and lure even more investors to the city, the eastern side of Yonkers tells a different story.

Mike Nukho of brokerage firm NuRealty Advisors, which brokered the sale of 14 units on Poplar Street in Yonkers, said the Nodine Hill neighborhood exemplifies the unevenness of the new investments happening in the city. (more…)

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October 31, 2019
As Published on New York Citybizlist

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…)

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October 31, 2019
As Published on New York Citybizlist

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…)

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October 31, 2019
Honored With 2016 COSTAR Power Broker Award

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…)

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October 3, 2019
As published on LoHud

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.

(more…)

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July 27, 2019
As published on Yonkers Power List

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).

(more…)

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April 1, 2019
As published on LoHud

Yonkers apartment building sold for $5.5M

YONKERS – As the city experiences a historic construction boom, existing apartment buildings are also attracting investors.

One of the recent examples was the $5.5 million sale of the 34-unit apartment complex at 376-380 McLean Ave. (more…)

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February 3, 2019
As published on LoHud

Yonkers apartment building sold for $2.2M

YONKERS – An 11-unit rental apartment building on Lawrence Street has been sold for $2.2 million.

The seller was Lawrence St Yonkers LLC, and the buyer was 11 Lawrence Street LLC. (more…)

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January 2, 2019
As published on LoHud

A 25-unit rental apartment complex in New Rochelle sold for $5.05M

NEW ROCHELLE – A 25-unit rental apartment building on Stonelea Place has recently been sold for $5.05 million.

Michael Nukho, principal real estate broker with NuRealty, along with the firm’s associate broker, Lukasz Przybylek, represented both the seller, Spadea Inc., and the buyer, Stonelea NR LLC., in the transaction. (more…)

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November 5, 2018
As published on LoHud

8 apartment buildings in Yonkers sold for $12.3M: ‘Yonkers is on the rise,’ broker says

Note to readers: The Journal News/lohud will lift the paywall from lohud.com on Tuesday, Nov. 6, and Wednesday, Nov. 7, so that all readers may access election coverage and sample content on a variety of topics. We invite everyone to enjoy this free access for two days and then consider subscribing so that you can stay informed on local news from Westchester, Rockland and Putnam counties. (more…)

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June 29, 2018
As published on LoHud

Apartment complex in Yonkers sold for $6.3 million

YONKERS – Two rental apartment buildings on Rollins Street have been sold for a total of $6.3 million, according to a real estate broker who was involved in the recent deal.

The two adjacent buildings — 18-20 and 26 Rollins St. — include 27 units, making the transaction a $233,333-per-unit deal. The sales figure is significant in the Yonkers multi-family market, said Michael Nukho, principal real estate broker with NuRealty Advisors. (more…)

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