May 15, 2020
While New York State has been on pause, Avison Young’s Tri-State Investment Sales (TSIS) group has moved ahead—closing deals, launching new assignments and hosting webinars for clients.
“Since our team began working from home in mid-March, we’ve closed three property sales, put two properties into contract and began marketing two new listings,” said James Nelson, head of the TSIS group.
The closed deals include the $28.712-million sale of a retail condominium at 1683 Third Ave. on the Upper East Side; the $16.75-million sale of 177 Franklin St. in TriBeCa; and the $10.2-million sale of the leasehold interest at 286 Lenox Ave. in Harlem.
Nelson’s team relied on technology to introduce two properties in April. “Since investors aren’t able to tour properties during the shutdown, we produced videos for both of these new offerings and posted them to social media, websites and emails,” Nelson said.
During New York State on Pause, Nelson has mastered another technology, the webinar, having hosted five informative sessions for clients that attracted nearly 1,500 participants.
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