Blog: New Gen CRE


New Gen CRE

New Gen CRE (New Generation Commercial Real Estate) is a blog taking the pulse of Queens & Brooklyn’s commercial real estate, humbly reporting the action and shamelessly giving opinions.

Right Time Realty is a new generation of brokerage, serving clients in all sectors of commercial real estate in the boroughs of New York City. Built on a foundation of integrity, cooperation and value, we partner with landlords and business owners to establish long-term relationships and deliver real results in any market and for every property. Visit our site


Turtle & Hughes Leaving LIC for Glendale
Turtle & Hughes Leaving LIC for Glendale
New Gen CRE David Dynak 5/03/2012 at 1:59PM

Turtle & Hughes, a leader in distribution of Electrical and Industrial Equipment is relocating from Long Island City further east to Glendale. Its operation at 4939 Van Dam Streetwas simply not large enough, and with industrial rents in and around LIC going up – a result of higher property taxes, strong demand for space close [...]

One Murray Park – Really on the Park!
One Murray Park – Really on the Park!
New Gen CRE David Dynak 4/18/2012 at 8:29AM

We took this shot from across the park – John F. Murray Playground, that is – from 45 Rd (the back side of LIC Post Office). One Murray Park, at 11-25 45 Avenue, developed by the same team that brought Casa Vizcaya and yet-to-be-named new condo on 50th Ave, is a 6-story condominium accurately named [...]

49 Avenue and 5th Street to become new retail cluster in LIC?
49 Avenue and 5th Street to become new retail cluster in LIC?
New Gen CRE David Dynak 3/28/2012 at 10:20AM

Up until recently, the Chocolate Factory Theater was the only commercial space on 49th Avenue west of Vernon Blvd. When Case Enrique, a Mexican cuisine restaurant opened last week next to what locals call the Shady Park (official name is Andrews Playground), we started to predict a new retail block for Hunters Point. There is [...]

Hunters Point’s Newest Condo – 51st Avenue, between Vernon & 5th St
Hunters Point’s Newest Condo – 51st Avenue, between Vernon & 5th St
New Gen CRE David Dynak 3/26/2012 at 7:19AM

Finally something happening on the empty lot on 51st Avenue between Vernon Blvd and 5th Street. The 10,000-plus square foot site of previously-rumored Met Foods at 5-29 51 Ave was purchased in November 2011 for $2.5 million, to soon become the newest condo development in Hunters Point. A development team behind similar small condominium project [...]

NY’s Middle Class of Real Estate
New Gen CRE David Dynak 12/29/2011 at 9:16AM

A taxi cab fleet owner told that when he first came to NYC in 1986, he drove someone else’s cab, and by 1994, he managed to own two, managing the business best he could after long shift behind the wheel. By the late 1990’s he owned several and using cell phone and computer, he was [...]

Technology in Real Estate
New Gen CRE David Dynak 12/21/2011 at 3:03PM

It is difficult to pinpoint what one technological advance made the greatest impact on the good ole, brick-n-mortar and relationship-based real estate industry. The Internet made access to information easy and universal. As recently as 20 years ago, a handful of commercial firms and a few hundred residential firms controlled 90-plus percent of the real [...]

Appreciating New Yorker’s Work Ethic
New Gen CRE David Dynak 12/12/2011 at 9:32AM

I recently went on vacation to South Florida to visit family and take in the sun before winter takes full hold of us in New York. But as one addicted to work, I always find myself talking to locals about real estate related topics, regardless of where I travel. And, as if work had to [...]

Queens’ Tallest Building Sold by NYC’s Largest Office Landlord
Queens’ Tallest Building Sold by NYC’s Largest Office Landlord
New Gen CRE Jay Lane 11/30/2011 at 9:15AM

Earlier this week, SL Green,New York’s largest office landlord has announced it will sell the iconic One Court Square,Queens’ highest building fully occupied by Citibank. The 1.4-million-square-foot office tower inLong IslandCityis selling for $340 per square foot to a group of Israeli investors that includes Joel Schreiber, the owner of Waterbridge Capital and David Werner, [...]

One Hunters Point: From Parking Garage, to Olympic Village Hotel, to Condo
One Hunters Point: From Parking Garage, to Olympic Village Hotel, to Condo
New Gen CRE David Dynak 11/17/2011 at 5:03PM

Did you know? One Hunters Point condominium building, located on the corner of Vernon Blvd and Borden Avenue, was originally designed to house Olympic athletes. Back in the year when New Yorkers dreamt about hosting 2012 Olympics, Alayo Architects designed loft style hotel building on site of a former garage lot. Excerpt from the cmpany’s [...]

Global fashion giant to open distribution center in Long Island City
Global fashion giant to open distribution center in Long Island City
New Gen CRE David Dynak 11/07/2011 at 11:32AM

Zara USA, a division of INDITEX Group, one of the largest fashion conglomerates on the planet signed a lease for 22,000 square feet warehouse on Borden Avenue, located between Long Island City’s beloved Crab House restaurant and the Foundry condominium. The facility building will house a distribution center for Zara’s seven existing NYC metro stores, [...]