LISTINGS & NEWS
CLOSED 7/12/2024 
INWOOD, NYC 
RENT STABILIZED 
 
The $3.8 million sale of a 48-unit apartment building in Inwood showcases Team Lala's ability to overcome challenges in the NY Metro commercial real estate market.
The property, located on West 204th Street near Sherman Avenue and three blocks from the MTA train station at West 207th Street, comprises 48 residential apartments. This well-maintained brick building features a steel and glass entrance, original lobby finishes, a 13-camera security system, and is situated between busy shopping corridors.
This transaction required tracking Individual Apartment Improvements (IAI) paperwork spanning 5, 10, 15 years, and more to secure financing.
Our team, Team Lala of RMF, listed and marketed the property with professional photography, detailed analysis, and targeted advertising. We conducted property tours and engaged in negotiations to secure the best terms for our client, maintaining constant communication and strategic advice.
We also collaborated closely with management to meticulously track and verify decades of IAI paperwork, ensuring all documentation was accurate.
The property was successfully sold for $3,800,000. The sale price translated to $79,000 per unit and $109 per square foot. Our effective marketing, negotiation strategies, and diligent IAI documentation management ensured maximum value for our client's investment.
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NEW FOR SALE 
100% FREE-MARKET 
FOUR 2019 BUILT 3-FAMS 
GOOD CAUSE EXEMPT 
 
TENANTS PAY HEAT IN THESE FOUR 3‑FAMILY HOMES IN THE BRONX'S LACONIA COMMUNITY - 12 FREE‑MARKET AND 'GOOD CAUSE' EXEMPT APARTMENTS WITH PARKING
Presenting the opportunity to acquire these free-market and 'Good Cause Eviction' exempt (30 years) residential properties located on Pearsall Avenue in the Bronx's Laconia neighborhood.
The subject property comprises four newly built 3-family homes with a total of twelve free-market apartments and on-site parking...
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NOW IN CONTRACT 
WEST HAVEN, CT 
 
OWN THIS PRIME DOWNTOWN LOCATION IN WEST HAVEN, CLOSE TO YALE UNIVERSITY AND MAJOR TRANSPORTATION ROUTES WITH THE POTENTIAL FOR DOUBLE-DIGIT (CASH/CASH) RETURNS
A full block-front with retail, offices, apartments, and parking in downtown West Haven, Connecticut.
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News 
Two Major US Banks Forced To Deal With Mounting Office Property Distress
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News 
Commercial Real Estate Attorneys Navigate Increasingly Complex Transactions
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News 
Steve Ross launches firm focused on West Palm investments, steps back from Related
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NEW FOR SALE 
MANHATTAN MIXED-USE 
ON 2ND AVE OFF E117TH 
 
TEN APARTMENTS PLUS TWO STORES ON SECOND AVENUE JUST OFF EAST 117TH STREET IN NYC'S EAST HARLEM NEIGHBORHOOD
The subject property consists of two studio apartments, eight one-bedroom units (including the super's unit), and two ground-level storefronts. Features include clean, spacious apartments, an oil-fueled boiler, meters in the basement, and more...
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CALL FOR DEAL PRICE 
LUX RIVERDALE 
 
OWN THIS 'MANHATTAN CONDO-QUALITY' MIXED-USE ASSEMBLAGE IN THE BRONX'S RIVERDALE. EXCEPTIONAL AMENITIES, & 421A TAX BENEFITS.
Located in a high income area and proximate to ample shopping, dining, entertainment, and transportation options, 3174 and 3190 Riverdale Avenue's twenty-two residential units and seven commercial spaces showcase luxury amenities, clean/high-end wood and stone finishes, on-site parking, and an elevated live/work standard...
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NEW FOR SALE 
BRONX MIXED-USE 
 
100% FREE MARKET MIXED-USE BUILDING CONSISTING OF FOUR APARTMENTS AND THREE STORES LOCATED ON EAST 169TH STREET IN THE BRONX
With an estimated 4,750 gross square feet, the subject property consists of three ground-floor retail spaces and four residential apartments above...
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CLOSED  
HUNTS POINT, BX 
 
On 6/4/2024 TEAM LALA OF RMF CLOSED OUT THE SALE OF THIS 3,750 SQUARE FOOT MIXED-USE BUILDING WITH INDUSTRIAL AND/OR RETAIL SPACE PLUS A SIX ROOM APARTMENT
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FOR SALE 
 
IRVINGTON, NY: A STUNNING VICTORIAN MANSION WITH VAST GROUNDS NOW TRANSFORMED INTO MULTI-USE OFFICE SPACE & READY TO BE RE‑IMAGINED
A unique opportunity for investors, businesses, or an ambitious homeowner seeking space in a prime location. This offering includes a three-story building, originally built as a Victorian home and later converted into office space.
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FOR SALE 
 
NINE BRONX APARTMENT BUILDINGS CONSISTING OF 91 UNITS AND BENEFITING FROM 421a TAX ABATEMENTS
This exclusive offering consists of nine apartment buildings grouped into four distict clusters, all built between 2009 and 2016.
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PRICE REDUCED 
MOUNT VERNON 
 
ACQUIRE THIS 100' x 100'PARCEL LOCATED IN MOUNT VERNON'S CENTRAL BUSINESS DISTRICT ON NORTH 5th AVENUE
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NOW IN CONTRACT 
100% FREE MARKET 
BUILT IN 2001 
 
100% FREE MARKET ELEVATOR BUILDING WITH 23 RESIDENTIAL UNITS, TERRACES AND PARKING
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JUST CLOSED 
 
ON MAY 14TH 2024, TEAM LALA OF RM FRIEDLAND FACILITATED THE SALE OF THIS 73 UNIT ELEVATOR BUILDING LOCATED IN THE INWOOD SECTION OF NORTHERN MANHATTAN
The subject property consists of 73 residential apartments with a rooftop cell site and is located on the north side of West 205th Street just east of 10th Avenue and two blocks south of the MTA train station at West 207th Street
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IN CONTRACT 
108 UNITS,  REGO PARK, NY 
+ ACCEPTED OFFERS 
& OFF-MARKET DEALS 
Team Lala has now facilitated a closing and two fully executed contracts on this package of multifamily and mixed-use buildings.
Contact Marco Lala (914-380-3806 or team.lala@rmfriedland.com) for details on off-market opportunities.
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CLOSED - $11.5M 
 
TEAM LALA CLOSED OUT THE SALE OF THIS 89 UNIT DUAL ELEVATOR BUILDING AT THE CORNER OF WEBSTER & EAST 234TH IN THE BRONX'S WOODLAWN
Estimated $124k annual upside with 22 FREE MARKET units & located steps from Montefiore Hospital, Metro North & The Bronx River Parkway
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CLOSED - $20M 
 
6.6% CAP FOR 131 UNITS & LAND IN REGO PARK, QUEENS.
ON NOVEMBER 28th, 2023 TEAM LALA OF RMF CLOSED OUT THE SALE OF TWO CORNER ELEVATOR BUILDINGS AND TWO VACANT LOTS LOCATED AT THE INTERSECTION OF 66TH AVENUE AND BOOTH STREET IN REGO PARK, NY
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TEAM LALA REPORT 
NATURAL GAS PRICES 
 
GAS PRICES SPIKE FOR NY METRO MULTIFAMILY JUST AS LOCAL LAW 97 PHASES IN: GET A SENSE OF CURRENT COSTS PER UNIT
As New York City's multifamily buildings brace for the full implementation of Local Law 97, a new challenge emerges: the steep rise in natural gas prices driven by recent increases in Con Edison's delivery charges. This comes at a time when ...
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