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Sound Investments with Invictus Property Advisors

If you’re in the market for commercial property, then Invictus Property Advisors, a broker-owned commercial real estate advisory firm that specializes in investment sales, might be the business you should turn to. Started in 2018 by Andrew Levine and Josh Lipton, both bring nearly 20 years of combined experience to the table, offering a tailor made and data driven approach to each of their listings.

OFF THE MRKT

CRE Industry: Meet Andrew Levine

Meet Andrew Levine, he specializes in Mid-Market Investment Sales throughout New York City. To date, Andrew has completed over 64 transactions for an aggregate dollar volume of approx. $380 million. Andrew co-founded Midtown Manhattan based Invictus Property Advisors, who's firm takes a tailor-made and data-driven approach to each exclusive assignment.

CRE Industry

WHO’S NEWS: Jax Hindmarch Joins Invictus as Analyst

Invictus Property Advisors has appointed Jax Hindmarch as an analyst.

Previously, Hindmarch was an investment banking analyst at Digital Capital Advisors. He has also had several previous roles, some of which include working as a management consulting intern at Acquis Consulting Group, as an equity research intern at Monarch Capital Group, as a global wealth management advisory intern at Bank of America Merrill Lynch, and as an asset management intern at Stabilis Capital Management.

Real Estate Weekly

Invictus Sells Landmarked Building at 228 Lenox Avenue

The building is located in the Mount Morris Park Historic District among a number of rowhouses representing many styles of architecture spanning a period of over four decades, the subject property was built in 1880. Picturesque ensembles in eclectic variations of the popular neo-Greco, Renaissance Revival, Romanesque Revival, Queen Anne, and Beaux-Arts styles are found throughout the District.

New York Times

Insider Views

The following are excerpts from Real Estate Weekly's most-read opinion pieces of 2019. "How To Deregulate Regulated Units" — Andrew Levine & Josh Lipton, Invictus Property Advisors

Real Estate Weekly

New York’s Top Brokers Use Tech to Win Deals

The widespread availability of data has been game-changing in the last several years, Levine says. On the one hand, it’s a great equalizer in that virtually everyone can access a high level of data. On the other hand, it pushes brokers to differentiate themselves by having sharper perspectives on the market and elevating their level of service, including the speed and reach with which they execute deals.

Real Estate Weekly

Multifamily Values Sucker Punched

New York City’s new rent regulation laws have shaved nearly half the value off multifamily properties, according to investment sales brokers. Commentary by Josh Lipton of Invictus Property Advisors.

Real Estate Weekly

East Harlem Mixed-Use Building Hits the Market at 315 East 104th Street

This four-story, mixed-use building in East Harlem has 5,900 square feet. Built in 1900, it contains six rent-stabilized apartments and one commercial space, occupied by the Keith Haring Foundation.

New York Times

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.”

Real Estate Weekly

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.

New York Times

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.

Real Estate Weekly

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

CoStar

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.

CoStar

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.

CoStar

Press Release: 22 West 90th Street

Invictus Property Advisors is pleased to announce the recent sale of 22 West 90th Street on the Upper West Side. The nine (9) unit multifamily building was recently gut renovated with top-of-the-line finishes, including new kitchens, bathrooms, wood-flooring and recessed lighting. The building was sold with eight (8) free market apartments and one (1) rent stabilized unit located on the first floor. All of the units are individually metered for electric and gas.

New York Real Estate Journal

530 West 136th Street On The Market With Invictus Property Advisors

The New York Times exclusively reports that this 1926 six-story elevator building in West Harlem has 38 apartments — 19 four-bedrooms, 11 three-bedrooms and eight two-bedrooms — of which 32 are rent stabilized and six are market rate. The average apartment size is 950 square feet. A deli/grocery occupies 1,450 square feet on the ground floor.

New York Times

Recent Sales at 1114 Fulton Street and 22 West 90th Street

Real Estate Weekly announced Invictus Property Advisors' recent sales in Bedford Stuyvesant, Brooklyn and the Upper West Side of Manhattan.

Real Estate Weekly

$6.7MM Upper West Side Sale

Invictus Property Advisors exclusively sells a multifamily building at 22 West 90th Street on the Upper West Side for $6.7 Million.

The Real Deal

The Carriage House

Invictus Property Advisors is proud to present the sale of The Carriage House at 457-459 West 150th Street. A local developer has bought this four-story brick parking garage with an elevator in Hamilton Heights. The garage, which was sold in an off-market transaction, was built in the early 1900s, and got its nickname, the Carriage House, from two bas-relief medallions of horses on the facade above either side of the entrance.

The New York Times

1848 Amsterdam Avenue

Invictus Property Advisors sells 1848 Amsterdam Avenue in Hamilton Heights as part of a 2-building assemblage for $3,050,000.

instagram

Morningside Heights Turn-Key Multifamily For Sale

The New York Times reports that the five-story walkup building in South Harlem is available on the market with Invictus.

The New York Times

Upper West Side Multifamily Building

The New York Times reports that Invictus Property Advisors has been retained exclusively to market 22 West 90th Street on the Upper West Side.

The New York Times

Lipton & Levine of Invictus Broker Four Sales Totaling $5 Million

The subject properties included 719 Saint Nichoals Avenue and 611 West 142nd Street in Northern Manhattan, 663 MacDonough Street in Brooklyn, and 423 East 136th Street in the Bronx.

NYREJ

1850 Amsterdam Avenue Sells Off-Market For $4.53 Million

Josh Lipton and Andrew Levine of Invictus Property Advisors have sold the conversion/redevelopment elevator parking garage located at 1850 Amsterdam Ave. in West Harlem for $4.53 million. The purchaser plans on repositioning the asset into a mixed-use project, utilizing the available air rights. Lipton and Levine marketed the asset with a tailored approach designed to receive offers from several of the most active buyers of this asset class in this neighborhood.

NYREJ

$43.5 Million Sale of 456 Grand Street

Josh Lipton and Andrew Levine have procured the buyer, Bronstein Properties who went into contract on 456 Grand St. in the Williamsburg neighborhood on for $43.5 million. The firm is adding to its rental portfolio with this property.

Nyrej

Bronstein Properties In-Contract for $43M Purchase of 456 Grand Street

The Real Deal reported that Bronstein Properties is adding to its large New York rental portfolio with its pending purchase of 456 Grand Street in Williamsburg for $43.3 million. Josh Lipton and Andrew Levine handled the sale on behalf of ownership.

The Real Deal

30 Under 30: The Best & Brightest of NYC Real Estate

Andrew Levine of Invictus Property Advisors was a Commercial Observer honoree in 2017.

commercial observer

303 Fifth Avenue Suite 1102, New York, NY 10016

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