Cornerstone Property Group announced that Lou Kosovrasti joined it's commercial sales team specializing in the midtown east neighborhood of Manhattan.

  Cornerstone Property group, Inc. announced the sale of a vacant 2-story building on the west side for $16,500,000. The property will be developed into a condo apartment building. This is a succsessful addition to the other similar projects the developer is working on throughout the city. Edmond Levy was the broker in this transaction.

  Cornerstone Property Group, Inc. announced the lease signing of a 5,100 sq.ft. loft at 42 Bond Street in New York. This final lease brought the building to 100% occupancy. The space was leased at a starting rent of $43 psf to a marketing company. Abe Bichoupan and Roseann Margiotta represented the landlord in this transaction.

  Cornerstone Property Group, Inc., announced the all cash sale of 245-47 West 14th Street, just a couple of blocks from the heart of the meat packing district. The property consists of a 3 story commercial building that will be demolished and pave the way for a luxury condo development. With 50 feet of frontage and total buildable air-rights of 30,000 square feet, it was sought after by a number of potential buyers, but was ultimately acquired by a developer who was willing to work together with the ownership by buying out the tenants and vacating the building. Edmond Levy was the broker in the transaction.

  Cornerstone Property Group, Inc. announced the sale of a 38,000 SF shopping center known as "Teche Plaza". Situated on Main Street in Jeanerette, Louisiana this property was acquired for its upside potential. The new owner bought the property from a long term ownership, and plans to upgrade the center and increase its occupancy. Jeanerette is situated some 25 miles south of Lafayette. Current tenants include a Family Dollar store. Brian Weiss, Senior Director at Cornerstone Property Group was the sole broker in the transaction.

  Cornerstone Property Group announced that Abe Bichoupan, previously with Crest Real Estate joined it's commercial sales team specializing in the midtown west neighborhood of Manhattan.

  Cornerstone Property Group, Inc. announced the lease signing of a 5,100 sq.ft. loft at 42 Bond Street in New York. The space was leased at a starting rent of $40 psf. Cindie Valeriano and Edmond Levy represented the landlord in this transaction.

  Cornerstone Property Group, Inc., announced the all cash sale of an 8 building package on one of the most prime Upper West Side locations in New York City.
The properties, located at 140-154 West 72nd Street, consist of 8 contiguous buildings with 54 apartments, 11 office tenants and 11 stores. The 1920s buildings were combined into one zoning lot with a total of 160 feet of frontage. The 60,000 square feet of real estate also have an additional 100,000 square feet of air-rights, but were purchased with the intention to capitalize on the upside potential of the existing low rents. Tenancy includes 30 rent stabilized and 14 rent control apartments as well as low average rents on the retail.
Cornerstone was also the broker in the sale of 120-22 West 72nd Street in 2006, which was sold to Anbau Development, and is currently being developed into a luxury residential Green building.

The 60 year ownership had never placed the properties on the market, but selected Cornerstone to direct a very quiet, and diligent marketing process. Cornerstone successfully brought forward the purchasing party and was able to execute a purchase contract and close in only 4 days.
The buildings sold for an undisclosed price in excess of $37,000,000 which translates into almost 16X the gross rent. Lipa Lieberman, Sales Director, and Edmond Levy, Principal, represented the sellers, Gerald Syndicate, Inc. as well as the purchaser, 140-154 W.72 Realty LLC.
One of the parties was also represented by consultant Lazar Equities and the law firm of Warshaw Burstein Cohen Schlesinger & Kuh, LLP.

  Cornerstone Property Group, Inc., announced the all cash sale of 167 Ninth Avenue. A 5 story mixed-use walkup building on the corner of 20th Street. The buildings has 8 apartments and 2 stores and sold at a multiple 16.5X gross rent. Cornerstone and Abe Bichoupan of Crest Real Estate were the brokers in this transaction.

  Cornerstone Property Group announced that Mark Merlis joined it's commercial sales team specializing in the Garment district and Hudson Yards neighborhoods of Manhattan.

  Cornerstone Property group, Inc. announced the completion of the sale of air-rights in a prime mid-town location. The property is to be developed into a luxury condominium. Noam Shemel was the broker in this transaction.

  Cornerstone Property Group announced that Gabriel Avinari joined it's commercial sales team specializing in the SoHo & Tribeca neighborhoods of Manhattan.

  Edmond Levy principal of Cornerstone Property Group, Inc. announced a 220% growth compared to it's sales in 2005. Total sales in 2006 were of $91,435,000 comprising of 11 investment properties which included development sites, office buildings as well as mixed-use residential buildings.
"Our company is growing at a solid and very strong rate thanks to our very professional and motivated team. When we first started the company in 2003, we sold 2 buildings in that year for a total of $6,000,000. To be able to grow to a rate of almost one building a month is a great achievement for a 3 year old brokerage firm.
Our most recent assignments have been for investment properties averaging at an asking price of $12,000,000, and as we keep on successfully proving ourselves, the type of listings as well as price ranges keep on increasing. We feel very confident of what 2007 will bring and look forward to continue to achieve ours and our clients investment goals."

Cornerstone Property Group was founded in January 2003, and has since grown into a boutique brokerage firm with 10 investment sales associates and 3 employees. The company also kicked off it's residential division CPG Residential, LLC. in July 2005, which is being managed by partner Noam Shemel. The residential division has currently 14 rental apartment buildings under exclusive agreement, and is focusing on the specialization of sales and rentals of luxury residences in both existing and newly-constructed buildings.

  Cornerstone Property Group, Inc. has been appointed as the exclusive leasing agent for 42 Bond Street, New York City. Currently, the second and third floors are available for commercial lease. The 5,100 sq. ft. commercial loft spaces have new hardwood floors, new windows, and new central air-conditioning. Edmond Levy will handle this assignment.

  Cornerstone Property Group, Inc. announced the sale of a 3 building package with 78 feet of frontage on Second Avenue between 82nd and 83rd Streets. The 3 contiguous properties include 4 stores and 28 apartments and were sold for a rent multiple of 15.6 X rent. Lipa Lieberman was the sole broker in this transaction.

  Cornerstone Property Group, Inc. announced the lease of a 2,300 sq.ft. loft at 42 Bond Street in New York. The space was leased at a starting rent of $37 psf. Davidn Zebli and Edmond Levy represented the landlord in this transaction.

  Cornerstone Property Group announced that Roseann Margiotta joined it's commercial sales team working as the executive assistant.

  Cornerstone Property Group, Inc., announced the all cash sale of 522 Ninth Avenue. A 4 story walkup delivered vacant with approved plans to both extend the depth of the building as well as add a floor. The property is on the corner of 39th street and Ninth Avenue with the grandfathered right for signage. Cornerstone represented the seller in this transaction.

  Cornerstone Property Group, Inc. announced additional availability at 42 Bond Street, New York City. The 4th and 6th floors are currently available. 4W is a 2,300 sq.ft. loft asking $7,500/month, and the 6th floor is a 5,100 sq.ft. loft space asking $16,000/month. David Zebli will handle this assignment.

  Cornerstone Property Group, Inc. has been appointed as the exclusive leasing agent for 330 West Broadway on the corner of Grand Street in New York City. The property is a rare opportunity to have 150 feet of frontage on a prime SoHo corner next door to the SoHo Grand Hotel. The building is currently a 3,000 square foot one story warehouse building that can be re-developed according to tenants needs. Noam Shemel will handle this assignment.

  Cornerstone Property Group announced that Steven Kordvani joined it's commercial sales team specializing in the Murray Hill & Gramercy neighborhood of Manhattan.

  Cornerstone Property Group, Inc. has been appointed as the exclusive broker for the sale of 42-44 Canal Street, New York, NY. A 5 Story mixed-use walk-up building in Chinatown. The property consists of 7 Apartments, 1 Office and 2 Retail Stores with 45 feet of frontage on Canal Street. David Birnbaum Sales Director will be handling this exclusive assignment.

  Cornerstone Property Group, Inc. has been appointed as the exclusive agent for the sale of 332 East 90th Street. The property consists of 11 units plus a basement apartment consisting of 3 rent control, 5 rent stabilized and 3 free market apartments with overall low average rents. Lipa Lieberman will handle this assignment.

  Cornerstone Property Group, Inc. has been appointed as the exclusive agent for the sale of 68-38 Forest Avenue, Ridgewood New York .The Property consists of a 3 Story mixed-use building with 4 Stores and 6 apartments. Lipa Lieberman will handle this assignment.

  Cornerstone Property Group, Inc. has been appointed as the exclusive agent for the sale of 547-549 Myrtle Avenue Brooklyn N.Y. A Corner 3 story vacant Building and adjoining lot totaling 5,000 sq.ft. with plans to build a 6 Story mixed-use elevator building consisting of 22,795 sq.ft above grade. Property is located across the street from the Pratt store and 1 block from the Pratt Institute main campus. Lipa Lieberman will handle this assignment.

  Cornerstone Property Group, Inc., announced the all cash sale of 474 Ninth Avenue. A 5 story walkup with 14 apartments and 1 store in New York City, for $2,670,000. Edmond Levy represented both parties in the transaction.

  Cornerstone Property Group, Inc., announced the sale of 159-03 Hillside Avenue, Queens. A 3 story mixed-use walkup building with 2 stores, 2 apartments and 1 office for $800,000. David Birnbaum was the broker in the transaction.

  Cornerstone Property Group, Inc. has been appointed as the exclusive sales agent for the sale of 145 West 123rd Street, New York, NY. Currently, the site is a 2,100 square foot vacant lot ready for ground up development of up to 7,224 square feet. The area has experienced a major gentrification also thanks to a number of new developments on the block. David Zebli sales director will be handling this exclusive assignment.

  Cornerstone Property Group, Inc., announced the sale of 120-22 West 72nd Street in New York City. The property is a one-story commercial building with 50 feet of frontage. The purchaser will develop the project into a 51,000 square foot luxury condominium. The property was one of the most sought after development site located in the heart of the upper west side on the 72nd street corridor. After 8 years of negotiations Cornerstone Property Group was able to bring forward the right purchaser for the project. The property was sold for $22,000,000. Edmond Levy was the sole broker for this transaction.

  CPG Residential, LLC, the residential division of Cornerstone Property Group, announced it's exclusive representation on the rental of 12 apartment buildings in Manhattan totaling 185 apartments. The buildings are located in different neighborhoods of Manhattan including the West Village, SoHo, NoLIta, Midtown and the Upper East side.

  Cornerstone Property Group expands its' office space from 3,500 sq.ft. to 5,000 sq.ft. The expansion solidifies it's commitment to grow its' residential division, CPG Residential, LLC. which specializes in the sales and rentals of luxury residences in NYC.

  Cornerstone Property Group announced the all-cash sale of 249,251 and 253 East 50th Street. The 3-building assemblage will be the site of a future mixed-use development project. The properties sold for $13,600,000.

  Cornerstone Property Group, Inc. announced the all-cash sale of a 1,585 square foot vacant lot at 615 West 169th Street for $415,000. Edmond Levy and David Birnbaum were the brokers in the transaction.

  Cornerstone Property Group, Inc. announced the all-cash sale of 1395 St. Nicholas Avenue. The property is a five-story walk-up apartment building containing 16 apartments and 6 stores. The sale was for $8,150,000. Edmond Levy was the broker in this transaction.

  Cornerstone Property Group, Inc. has been appointed as the exclusive sales agent for 474 Ninth Avenue, a five-story mixed-use walk-up building with 14 apartments and 1 store in Midtown West. Edmond Levy will handle this assignment.

  Cornerstone Property Group, Inc. has been appointed as the exclusive sales agent for 93 Bergen Street in the Boerum Hill area of Brooklyn. The 4-story, 8,428 sq.ft. property contains 8 apartments. Jean Petit-Frere and David Zebli will handle the marketing on behalf of Cornerstone Property Group.

  Cornerstone Property Group, Inc., announced the all cash sale of 372-74 Broome Street on the corner of Mott Street. The property is a 6-story loft building in the heart of Little Italy. The building is being delivered mostly vacant, and the purchaser has the intentions to convert the property to residential condominiums. The sale was for $11,500,000. Edmond Levy was the broker in this transaction.

  Cornerstone Property Group has been appointed as the exclusive sales agent for 995 East 173rd Street, a 5-story, 21,600 walk-up apartment building with 30 apartments and 1 store in the Bronx. Edmond Levy will handle this assignment.

  CPG Residential officially started to do business this month as a kick off of its parent company Cornerstone Property Group by signing a number of residential leases as well as exclusives. CPG will be managed by partner Noam Shemel, specializing in the sale and rentals of luxury residences in both existing and newly-constructed apartment buildings. Positions are open for experienced residential agents.

  Cornerstone Property Group, Inc. has been appointed as the exclusive leasing agent for 42 Bond Street, New York City. Currently, the second floor is available for commercial lease. The 5,100 sq. ft. commercial loft space has new hardwood floors, new windows, and new central air-conditioning. Stephen Koh will handle this assignment.

  Cornerstone Property Group, Inc. has been appointed as the exclusive sales agent for 1395 St. Nicholas Avenue, a 5-story mixed-use apartment building on a prime corner in Washington Heights. Edmond Levy will handle this assignment.

  Cornerstone Property Group, Inc. announced that LA Digital Post signed a 15,000 square foot lease at 390 Fifth Avenue in New York City. David Birnbaum was the leasing broker in this transaction.

  Cornerstone Property Group, Inc. announced the sale of 751 Forest Avenue in the Bronx. The property is a 6-story mixed-use walk-up with 22 apartments and 2 stores. The price was $1,340,000. Edmond Levy represented both parties in this transaction.

  Cornerstone Property Group, Inc. announced the sale of 133-35 Greenwich Street in New York City. The property, located 2 blocks south of the new Liberty Towers site was purchased by a developer who plans to build a 140,000 square foot mixed-use building. The property was sold for $20,000,000. Edmond Levy and Brian Weiss were the brokers in this transaction.

  Cornerstone Property Group, Inc. has been appointed as the exclusive sales agent for 365-367 Canal Street, a five-story, mixed-use building. David Birnbaum will handle this assignment.

  Cornerstone Property Group, Inc. has been appointed as the exclusive sales agent for 405 Broadway, a 10,710 SF commercial building. David Birnbaum will handle this assignment.

  Cornerstone Property Group announced that Lipa Lieberman joined it's commercial sales team specializing in the Upper East Side neighborhood of Manhattan.

  Cornerstone Property Group announced that Jean Petit Frere joined it's commercial sales team specializing in the West Village neighborhood of Manhattan.

  Cornerstone Property Group, Inc. announced the sale of 164 and 166 Thompson Street, a two building package at the corner of Thompson and Houston Streets, for $2,800,000. Edmond Levy represented both parties in the transaction.

  Cornerstone Property Group, Inc. announced the sale of 92 Chambers Street, a 5-story loft building in Tribeca, for $2,600,000. Edmond Levy represented both parties in this transaction

  Cornerstone Property Group, Inc., announced the sale of 101-103 Featherbed Lane, Bronx, NY for $535,000. The property is a 1- story, 3000 sq.ft. taxpayer. Edmond Levy represented both parties in the transaction

  Cornerstone Property Group, Inc. relocates to a 3,500 sq.ft. office at 589 Eighth Avenue. The move to a newly built, modern space signifies the expansion of the firm's sales, financing and leasing divisions. Cornerstone Property Group was founded by Edmond Levy in January 2003.

  Cornerstone Property Group, Inc., announced the all cash sale of 526 Canal Street in New York City. The development site in a prime corner of north Tribeca, sold for $2,775,000. Edmond Levy represented both parties in the transaction.

  Cornerstone Property Group, Inc., announced a $3.5M acquisition loan for the purchase of 922 Broadway in New York city. Edmond Levy was the broker in this transaction.

  Cornerstone Property Group, Inc., announced the all-cash sale of a 3 bedroom, 1,300 sq.ft. co-op apartment at 400 East 85th Street for $900,000 all cash. Edmond Levy represented the seller in this transaction.

   Cornerstone Property Group, Inc., announced the all cash sale of 419 East 70th Street. The 5-story walkup with 8 apartments and 1 store in New York City, sold for $1,950,000. Edmond Levy represented both parties in the transaction.

   Cornerstone Property Group, Inc., announced the all-cash sale of 109 Ludlow Street. The property is a 6-story walkup with 25 apartments and 2 stores, including a Restaurant/Lounge. The property sold for $3,675,000, 10.7 X rent multiple. Bruce Friedberg, Esq. and Eric Berliner, Esq. were the legal counsel for the seller and the buyer respectively. Edmond Levy was the sole broker for the transaction.

   Cornerstone Property Group, Inc., announced the sale of 143 and 145 Lexington Avenue. The properties are 2 contiguous, 4-story walkups delivered vacant. The properties were purchased as potential development sites for $2.375 million. Edmond Levy of Cornerstone represented both parties in the transaction.

   Cornerstone Property Group, Inc. has been appointed as the exclusive sales agent for 507 Dean Street, a 4-story, residential walk-up in the heart of Prospect Heights, Brooklyn. Edmond Levy will handle this assignment.

  After years of successful transactions working with Besen & Associates, Edmond Levy founded Cornerstone Property Group, Inc. A sublease at 235 West 35th Street in New York City will be a temporary home until it finds a permanent location to establish and expand its business.