2 Owners Shun Brokers To Market NY Buildings Themselves

Law360, New York (April 2, 2012, 6:47 PM EDT) -- A pair of Manhattan commercial property owners are separately self-marketing their buildings for sale rather than enlisting a broker, a rare occurrence in the New York commercial property market, a veteran New York real estate attorney said Monday.

Joshua Stein, sole principal of local commercial real estate firm Joshua Stein PLLC, said it was rare for one New York office building to be self-marketed, let alone two at the same time. But he noted that the rise of digital communications has allowed commercial property owners to...
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