New Besen team is reaching lofty heights.Besen & Associates Inc. has created the Loft/ Small Office (LSO LSO London Symphony Orchestra LSO Lesotho (ISO Country code) LSO Laser Safety Officer LSO Landing Signal Officer LSO Large Send Offload LSO Longwood Symphony Orchestra (Brookline, MA) ) Investment Sales Group, headed by Ron Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. and Christen chris·ten tr.v. chris·tened, chris·ten·ing, chris·tens 1. a. To baptize into a Christian church. b. To give a name to at baptism. 2. a. Portelli. The LSO Group will be focused on the sale of properties ranging from 10,000 to 150,000 square feet in size, located primarily in Manhattan. Since it's inception in 1988, Besen & Associates has represented sellers and purchasers in numerous deals in the loft/small office deals. In 2005 alone, the firm sold over $100 million worth of property in this sector. Ron & Christen have recently sold 44 & 46 West 22nd Street and 11 East 36th Street. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. CoStar Research, in 2005 there were 163 sales transactions in the office segment. The average sales price was just north of $63,400,000, the equivalent to an average $425 price per square foot. Loft/office condo conversion Generally stated, a condo conversion is a process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individual for sale units. candidates have recently sold for as much as $600 per square foot while Class B office properties have sold in excess of $300 per square foot setting market highs. With smaller space requirements, solid fundamentals and decreased product due to residential conversions, the LSO Group expects the small office segment to flourish in the next five years. Residential loft conversions have been a trend dating back to the 60's and are expected to continue until there's no supply left. Whether considering a sale, purchase or recapitalization of a loft or small office building in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the Besen LSO Group can provide the expertise to achieve the objective at hand. |
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