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  1. 1021 & 1025 Beach 21st Street

    Together or separate

    1021 & 1025 Beach 21st Street

    Far Rockaway, New York

    Besen Partners Hotel Advisory Group, as exclusive agent for ownership, is pleased to offer for sale two (2) newly constructed limited service hotels in the Far Rockaway section of Queens. The two semi-attached properties are comprised of 146 rooms and are located just 6 miles from JFK International Airport. The hotels are presently operating under two management contracts with Best Western and Wingate by Wyndham. The terms of the agreements have an agreed upon end date and offer an exit option at a reasonable cost. Ownership completed construction in 2018 and has recently opened both hotels for occupancy in September 2019. Within four months, the hotels are already showing occupancies of well over 50% with an average daily rate (ADR) above $110. Additionally, there is ample free parking, a business lounge, fitness center, free Wi-Fi and  complimentary buffet breakfast. This offering represents a unique opportunity to acquire two brand new hospitality assets with a very limited competitive set in a prime Queens location.

  2. 106-09 Rockaway Boulevard

    $3,250,000

    106-09 Rockaway Boulevard

    Ozone Park, NY

    Besen Partners, as exclusive agent for ownership, is pleased to offer for sale 106-09 Rockaway Boulevard Ozone Park, New York, 11417 (the “Property”). The Property is comprised of a 2-story restaurant/banquet/catering hall. This 9,400± SF commercial building is located on the north side of Rockaway Boulevard between 106th and 107th Streets in South Ozone Park neighborhood of Queens.   The building is newly renovated from top to bottom. The location can seat up to 550 guests. Top floor seating 225 and the bottom floor seats 225. It has a waterfall feature in the lobby, crystal chandeliers with Bluetooth enabled color changing lighting. Two prep kitchens and two offices. Prep kitchens have an elevator, dishwashing, ice machine, and separate service entrance.   This prime investment has tremendous upside. The Resorts World Casino and the Aqueduct Racetrack are both located blocks away attracting large foot traffic. Also in close proximity to JFK Airport.   This handcrafted Italian stone building was created in 1968 to magnificent standards, and the attention to detail is evident in every aspect of the banquet hall. From the breathtaking entry and majestic lobby through to the Grand Ballroom, guests will be dazzled by the building's crystal chandeliers, gold crafted ceilings, and polished imported stone floors throughout. The Grand Ballroom was designed to create a sophistication, glamorous ambiance and sheer elegance for any social or corporate event.

  3. 2-Story Belmont Mixed Use Building

    $2,600,000

    2-Story Belmont Mixed Use Building

    Bronx, NY

    Built in 1931, this 2‐story walkup building with 4 apartments and 2 stores consists of 5,052± SF and is located just blocks from the Fordham Station on Metro-North and the [B, D] trains.   Cap rate at ask is 5.5%.

  4. 381 Broome Street

    $3,250,000

    381 Broome Street

    New York, NY

    Besen & Associates, as exclusive agent for ownership, is pleased to offer for sale the retail condo (the “Condo”) located at 381 Broome Street. Built in 2003, this retail condo contains 4,130± SF (above + below grade) and is situated in the heart of Little Italy between Mulberry and Mott Streets. The ground floor has 12’ ceiling height with 25 feet of prime retail frontage.

  5. 1430 Dekalb Avenue

    $1,700,000

    1430 Dekalb Avenue

    Brooklyn, NY

    Besen and Associates, as exclusive agent for ownership, is pleased to offer for sale 1430 Dekalb Avenue, Brooklyn, NY 11237 (the “Property”), a three-story residential building featuring 6 2-bedroom and 4,350± SF.   The well-maintained building and below market rents provide minimal capital improvement requirements and significant upside upon unit rollover.

  6. 29 West 125th Street

    $3,750,000

    29 West 125th Street

    New York, NY

    Besen & Associates, as exclusive agent for Ownership, is pleased to offer for sale 29 West 125th Street, a 5-story mixed-use building in the heart of Harlem.   Situated on the north side of 125th Street between Lenox & 5th Avenues, the property is located one block from the 125th Street [2, 3] subway station.   The 5-story walkup building contains three (3) large, renovated  floor-through 1-bedroom apartments (± 1,500 SF each) and retail on the ground floor. The 2nd Floor is designated as a showroom on the C of O and is presently used for storage by the retail tenant. Every tenant has an individual boiler and water heater. Retail rent (blended) is presently at $17.52/SF which can easily be (doubled/tripled) upon re-tenanting the space. Residential rents average $24/SF, offering considerable upside as well.

  7. 824 Lexington Avenue

    Submit Offer

    824 Lexington Avenue

    New York, NY

    Besen & Associates, as exclusive agent for ownership, is pleased to offer for sale 824 Lexington Avenue (the “Property”) also known as 135 East 63rd Street,which is located on the northwest corner of East 63rd Street and Lexington Avenue in the Lenox Hill section of Manhattan’s Upper East Side. Built in 1910 and last altered in 1989, the 7,637± SF property consists of a 5-story, mixed-use building with six (6) vacant free market residential units and two full floors of corner Avenue retail.    

  8. 140 Bay Ridge Parkway
    In Contract

    $12,600,000

    140 Bay Ridge Parkway

    Brooklyn, NY

    Built in 1936, this 6-story elevator building with 42 apartments consists of 45,360± SF and is located between Colonial Road and Ridge Boulevard, just three blocks from the [R] train and minutes from the NYC ferry.

  9. Woodside Warehouse

    Ownership Requests Proposals

    Woodside Warehouse

    Woodside, NY

    Built in 1929, this warehouse building with 23,000± SF will be delivered vacant.

  10. Prime Harlem/Columbia University Vicinity Multifamily Building

    $10,850,000

    Prime Harlem/Columbia University Vicinity Multifamily Building

    New York, NY

    Built in 1901, this 5-story plus usable basement walkup building with 15 free market apartments consists of 12,600± SF. The property was gut renovated in 2016 (no J-51 was implemented).    Boiler is in very good condition, and the other building systems are brand new including video intercom. All apartments have washer/dryer and dishwashers. Modern fixtures and hardware throughout, from doorknobs to light fixtures. A tax certiorari proceeding is presently in process in efforts to effect a reduction in the property taxes. 

  11. Hell's Kitchen Development Opportunity

    $21,000,000

    Hell's Kitchen Development Opportunity

    New York, NY

    These two lots with 32,000± BSF will be delivered vacant and are just two blocks from the 42nd Street – Times Square Station on the [1, 2, 3, 7, A, C, E, N, Q, R, & W] trains. Ideal for a hotel or multifamily development.

  12. 506 East 6th Street

    $4,500,000

    506 East 6th Street

    New York, NY

    Besen & Associates, as exclusive agent for Ownership, is pleased to offer for sale 506 East 6th Street, New York, NY 10009 (the “Property”) located in the East Village neighborhood of New York City.   The existing Property consists of a 5-story walkup building with 14 apartments (11 FM / 3 RS), totaling approximately 6,825± square feet. Built circa 1920 and renovated in 1987, the Property is ideally located on the south side of East 6th Street between Avenue A & Avenue B in the heart of the East Village, and within walking distance of the M14A bus, the L train on 14th Street, the 6 train at Astor Place, and the 2nd Avenue F train along Houston Street.   The 100% occupied Property, which is situated one block south of Tompkins Square Park and minutes from the FDR Drive, is comprised of nine (9) studios and five (5) one-bedroom residential units. The studios are averaging $1,700/month and the one-bedroom units are averaging $2,375/month, which represent a 25%-30% discount to current market rates. The 14 apartments overall are renting at well below market rates with an average monthly rent of $1,950, offering significant upside to new ownership.   In summary, the in-place rents at the Property are substantially below market and the building is in good physical condition and has been very well maintained, evidenced by its continuous 100% occupancy. As the East Village continues to develop, 506 East 6th Street is well positioned to take advantage of the continued high demand for this neighborhood, the increasing market rents, and the opportunity for an investor to reposition the tenancy and capture the upside potential.

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