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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