Every day, the team at Friedman-Roth is hard at work brokering deals that are influencing the future of NYC and surrounding areas. While these million dollar transactions may not make the front page, they are definitely newsworthy. As the landscape of New York continues to change, you can bet that Friedman-Roth is right at the center of all the action. Learn more about our latest deals and see exactly why we are one of the city’s most trusted and respected firms.
DECEMBER 13, 2018
ADDRESS: 151-153 Bowery and 331-337 Broome Street
MARKET: Lower East Side
ASSET TYPE: Dev. Site
SELLER: Emmut Properties
BUYER: Lightstone Group
BROKER: Richard Guarino and Marc Hershberg - Friedman Roth
DECEMBER 18, 2018
SALE 133 Avenue D, East Village
SALE PRICE: $8.3M /SF: 14,588 / PPSF: $568
GRM: 13.9 /CAP RATE: 4.37
SELLER: Vintage Properties - Eric Nelson
BUYER: Tom Higgins and Dan Shapiro
BROKERS: Richard Guarino and Joseph Smith - Friedman Roth Realty Services
November 20, 2018
Guarino of Friedman Roth handles $1.225 million sale
Bronx, NY Richard Guarino, a partner at Friedman Roth Realty Services, has arranged the $1.225 million sale of 1280 Oak Point Blvd., a 5,000 s/f one-story commercial building in Hunts Point.
Guarino represented the buyer and seller.
F&F Supply purchased this neighboring property to expand their business! Gary Jacobs, CEO of F&F Supply, plans to build a 15,000 s/f building to accommodate the always growing and to expand its 77 year old, 4th generation family-run business. F&F Supply has its headquarters located next door at 1260 Oak Point Blvd.
NOVEMBER 06, 2018
Friedman Roth Realty Services facilitates $1.3 million sale
The property is a 86’ x 80’ property with a one-story funeral home with parking which was delivered vacant. The property had much potential to rent to one or multiple commercial tenants or be built up to 6,800 s/f of commercial building or slightly more if medical or community facility.
The original asking price was $1.55 million. Michael Guarino, Sr. handled the marketing of the property, which ended up selling for $1.3 million ($191 per buildable s/f). The deal closed on September 14th 2018.
Michael Guarino, Sr., was hired as the exclusive listing agent for the seller, and his son Richard Guarino, a partner at Friedman Roth Realty Services, procured the purchaser.
JUNE 19, 2018
Property of the Month: Guarino of Friedman Roth Realty retained as exclusive broker for 336 East 54th St.
Manhattan, NY Richard Guarino, partner at Friedman Roth Realty Services, has been retained at the exclusive broker to market 336 East 54th St. This rare opportunity to purchase, what was built as a high-end condo project with original asking prices at $2,000 per ft., turned luxury rental now with an asking price of under $1,400 per ft. for the entire fully-rented building.
A 25 ft. wide new construction luxury condo/rental building, this property is located in the heart of Midtown East between quiet residential enclaves, as well as the borough’s epicenter of business and diplomacy. This new luxury boutique development was constructed with a traditional paneled limestone façade. The building consists of 11 residences ranging from one bedroom/one bath to one bedroom/one and a half baths with home office and private outdoor space.
NOVEMBER 07, 2017
Property of the Month: Guarino of Friedman Roth tapped to market five-building Bronx portfolio – over 75,000 s/f
Richard Guarino of Friedman Roth Realty Services is marketing a rare opportunity to purchase over 75,000 s/f in three elevator medical professional buildings, plus two retail/professional buildings all located in the Throggs Neck and Westchester Village neighborhoods.
DECEMBER 19, 2017
Guarino of Friedman Roth brokers $12.5 million sale of 65-unit apartment property
The property, 3801 Bailey Ave., sold for $12.5 million, 13.4 GRM, $211 per s/f, and $192,308 per unit. Richard Guarino exclusivley represented the seller, while Wells Newell of Friedman Roth procured the purchaser.
This is the second property sold in two years from long-term owner, Skyline Properties LLC. Skyline hired Guarino for both sales.
FeBRUARY 21, 2017
Guarino and Smith of Friedman Roth handle $9.9 million sale
According to Friedman Roth, the firm has completed the sale of 30 East 39th St. The subject property is a boutique elevator office building just off Madison Ave. in the Murray Hill neighborhood. The building is 9,900 s/f and sold for $9.9 million ($1,000 per s/f) at an approximate 3.5 cap.
Joseph Smith represented the seller and Richard Guarino a partner at Friedman Roth, represented the purchaser in this transaction.
JUNE 21, 2016
Guarino and Roth of Friedman Roth broker $11 million portfolio sale: Four properties
Friedman Roth Realty Services has completed the sale of a 4 building portfolio in the Williamsburg section of Brooklyn.
A total of 16 large apartments, 3 retail stores in 4 separate locations closed for $11 million, which equates to $641 per s/f, and more than 20 times the gross income. The specific address of the properties were not disclosed. Each property has untapped potential.
Enrique Viera, the seller, sold to Bennat Berger of Novel Property Ventures.
Richard Guarino of Friedman Roth Realty Services represents the seller and Eric Roth of Friedman Roth Realty Services represented the buyer.
june 07, 2016
Guarino of Friedman Roth acts for buyer and seller in $3.4 million deal
Friedman Roth Realty Services has completed the sale of a four-building portfolio on the corner of East 189th and Arthur Ave. in the Belmont neighborhood.
The deal closed for $3.4 million. Richard Guarino partner at Friedman Roth Realty represented the buyer and seller.
The properties we not listed exclusively with any one broker, but the owners managed to gain a lot of action from the brokerage community and the local players because of the proximity to Fordham University and Italian restaurants.
May 03, 2016
Friedman-Roth Realty Services completes five sales totaling $14.85 million; Includes $5.85 million by Mann & Niblock, $4.5 million by Jakobowitch
Located between Second Ave. and Third Ave., the building is a four-story walk-up with retail on the first two floors. The property sold for $5.85 million. Jim Mann and George Niblock were the Friedman-Roth brokers.
February 16, 2016
Niblock and Lupo of Friedman-Roth secure sale of 423 East 82nd Street
Friedman-Roth Realty Services arranged the sale of an Upper Eastside apartment building located at 423 East 82nd St. The five-story walk-up, located between First Ave. and York Ave. contains 20 residential units and encompasses 8,555 s/f. This is the first sale of the property in over 30 years and the selling price was $7.1 million. George Niblock and Eric Lupo were the brokers in this transaction.
February 20, 2016
Niblock of Friedman-Roth secures $16 million sale of 100-102 Forsyth Street
Friedman-Roth Realty Services arranged the sale of two Lower Eastside apartment buildings located at 100 & 102 Forsyth St. The properties, located between Grand St. and Broome St., contain 36 residential units and four commercial spaces. Both buildings are five-story walk-ups and encompass a combined 18,900 s/f. The selling price for the transaction was $16 million. It is the first sale of the buildings since 2001. George Niblock represented the buyer and seller.
January 5, 2016
Newell joins Friedman-Roth Realty
Newell is in industry veteran with 30 years specializing in the sale of multifamily apartment buildings throughout New York City. Highly respected by his peers, Newell has completed 500 transactions in his career.
Prior to joining Friedman-Roth, he operated Wells Newell Realty LLC and was a partner in RMN Realty Group.
Newell resides in Weston, Connecticut with his wife and daughter.
December 22, 2015
Inglese and Singer of Friedman-Roth broker sale of 1401 Elm Avenue
Friedman-Roth Realty Services arranged the sale of an apartment building located at 1401 Elm Ave.(aka 1402 Ave. M). The six-story elevator building, located in the Midwood section of the borough, contains 33,630 s/f and has 34 residential units and three retail stores. The property sold for a price of $9.25 million. Giuseppe Inglese represented the seller and the purchaser was procured by Mark Singer.
December 8, 2015
Lupo of Friedman-Roth sells 42.5 St. Marks Place for $3.375 million
Friedman-Roth Realty Services arranged the sale of an East Village mixed-use building located at 42.5 St. Marks Place. The four-story building, located East of Second Ave., features a commercial space on the ground floor with residential use upstairs. The property encompasses 3,325 s/f and was delivered vacant at closing. The selling price for this transaction was $3.375 million. Eric Lupo was the exclusive broker for the property and represented both the buyer and seller.
November 24 2015
Niblock and Lupo of Friedman-Roth Realty secure $6.7 million sale
Friedman-Roth Realty Services arranged the sale of an Upper Eastside apartment building located at 410 East 88th St. The five-story walk-up is located between First Ave. and York Ave. and contains 17 residential units and encompasses a total of 8,465 s/f. This is the first sale of the building in over 30 years.
The sales price for the transaction was $6.7 million. George Niblock and Eric Lupo represented the seller.
October 27, 2015
Friedman-Roth Realty Services secures $19.075 million in sales
Friedman-Roth Realty Services arranged the follwing sales totaling $19.075 million:
• The sale of an East Village apartment building located at 112-116 Ave. C. The property, located between East 7th St. and East 8th St., is a six-story walk-up with 22 residential units and 2 retail stores. The building encompasses 19,830 s/f and is the first sale of the building in 20 years. The selling price for the transaction was $16.7 million. The seller was represented by George Niblock and the purchaser was procured by Joseph Smith.
September 03, 2015
Berger, Miller strike again with $25M Brooklyn Heights buy
For the first time in 50 years, the Plymouth House, a six-story Brooklyn Heights rental building, has sold – and not to the pilgrims.
Novel Property Ventures paid $25 million for the nearly 32,000-square-foot property at 111-115 Henry Street, just a week after making its debut purchase in the form of a 12-building portfolio, The Real Deal has learned.
September 4, 2015
SMA Equities buys three Gramercy properties for $28M
Samy Mahfar’s SMA Equities purchased two Gramercy buildings and a commercial condo for a total of $27.8 million, according to property records filed with the city today. The buildings, at 297 and 299 Third Avenue between 22nd and 23rd streets, are each three stories and have a combined 13,000 square feet. The lots have a total of 46,000 buildable square feet. The commercial condo is located next door at 295 Third Avenue.
August 24, 2015
Guarino of Friedman-Roth sells Korea Village SC for $26.5 million; Reps seller, Emmut Properties and procures buyer, Pako Realty Corp.
Friedman-Roth Realty Services arranged the sale of Korea Village Shopping Center, located at 150-24 Northern Boulevard.
The high-profile shopping center traded for $26.5 millionto Pako Realty Corp. which is owned by the Los Angeles and Seoul based Korea Times newspaper publication.
The seller, Emmut Properties, previously bought the 78,000 s/f shopping center at a foreclosure auction for $13.4 million in 2011.
August 12, 2014
The words of a leader: Guarino of Friedman-Roth
On September 2012, Richard Guarino, Friedman-Roth Realty Services LLC, was sworn in as the 56th president of the Bronx Manhattan North Association of Realtors (BMNAR). Unlike the previous presidents of the past 30 years, Guarino began his term without the benefit of an association executive officer. For the next three months, Guarino stepped in to provide more than leadership as his involvement was needed in the day-to-day operation of BMNAR.
Honoring A Father's Legacy
Eric Roth, a Co-Managing Partner at Friedman-Roth Realty Services, leads one of New York's oldest commercial real estate brokerage firms. The company was founded by his father, Selwyn Roth, in 1974.
Today some of the city's top real estate players like Aaron Jungreis of Rosewood Realty Group still pay homage to Roth's dad and put up "famous" quotes by the elder Roth ("Selwynisms") that define what brokerage was and still is about in New York; sayings like "Only negotiate with the head not the foot," or "I need a buyer not an offer."
July 16, 2014
The more things change, the more they stay the same for Eric Roth
There are plenty of sons in real estate who took over their father's business and decided to stick with a proven strategy. And then there's Eric Roth.
When he tookover Friedman-RothRealty Services from his father Selwyn n 1997, the company had only one business: commercial brokerage. Twenty years later, it hasevolved into something of an omnivore.
November 6, 2013
From $11.4 million to $16.5 million in just four months
After staying in the same hands for 70 years, this church building at 145 Central Park North has now been sold twice in just four months.
In June, it was sold to New York developer Emmut Properties for $275 per buildable foot or $11.375 million. Then on October 28, Emmut sold the property again for $387 per buildable foot or $16.5 million to a Belgian Family and their local partner, The Einhorn Development Group. That a 45 percent price increase.