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What To Expect When You’re Expecting Rent Regulated Returns

Andrew Levine and Josh Lipton, the firm’s co-founders, said landlords of regulated properties still have a way of deregulating units through what’s known as “substantial rehabilitation.” read more

New York Times Reports Invictus Property Advisors' Newest Exclusive

IPA retained exclusively to market and sell 104-106 East 126th Street. Located in an opportunity zone, the elevator-office building with flexible mixed-use zoning is prime for a value-add investor to maximize revenue upon lease expiration or a developer to redevelop on 53' of frontage adjacent to the 4, 5, & 6 Subway Lines and The Metro North. read more

Invictus Sells Jamaica Corner Retail Building

Invictus Property Advisors, as exclusive agent, announced the sale of 103-19 & 103-23 Merrick Boulevard in Jamaica, Queens. The property traded for $2,950,000 (or $296 psf to a 1031x buyer who was looking to place equity into a stabilized NNN retail asset with future redevelopment potential. read more

Lord & Taylor Deal Gives WeWork Iconic New York City Retail Space

“As WeWork evolves and moves away from a long term lease model to an outright purchase of office buildings, the Lord & Taylor acquisition represents the next step in the implementation of their business model,” Lipton said. “The reports concerning the death of brick and mortar retail are greatly exaggerated but we are certainly in the midst of a massive transformation. Perhaps nothing personifies this `out-with-the-old-and-in-with-the-new' change afoot than the sale of the Lord & Taylor building located at 424-434 Fifth Avenue to WeWork for $850 million.” - Josh Lipton, co-founder of New York-based commercial real estate services firm Invictus Property Advisors read more

Invictus Property Advisors Comments on Amazon HQ2

All may not be well with the Amazon HQ2 deal: Jeff Bezos, the undisputed richest man in the world, may have finally met his match in a true David and Goliath scenario. If newly appointed Public Authorities Control Board Senator Michael Gianaris takes the bold step of vetoing the Amazon plan, you can expect all hell to break loose. Not only will state and local officials scream foul, but developers, property owners and retailers expecting the gold rush will as well. And if it truly falls apart, sell-side brokers will be working frantically helping investors and developers unwind recent acquisitions at what will now be inflated pricing levels. Ultimately though, reversing the HQ2 Amazon plan would be political suicide and unlikely to happen…after all, putting the cat back in the bag is much more challenging than letting it out. read more

Invictus Comments on the 2019 Upcoming Sale of the Chrysler Building

Andrew Levine, co-founder of New York-based Invictus Property Advisors, said he would be surprised if the Chrysler Building sold for anything less than $1.5 billion. "While it is likely that the famed 1930s art deco tower has undergone major capital improvements since a 90 percent stake was sold to the Abu Dhabi government in 2008 for $800 million, buyers will likely underwrite for deferred maintenance costs. Even in this softening market, the iconic property has value amongst buyers across the world," he said, adding that prospective buyers could include major REITs, sovereign wealth funds, real estate private equity funds and well-capitalized family offices. read more


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