Press / News

A photo of River Park Towers in Bronx New York as seen from the East River.
In the Bronx, no building surpassed the height of Immaculate Conception Church’s spire for eighty years. Measuring 227-feet tall, the church was one of the tallest buildings in all of New York City when it was built in 1888, coming in just a few feet short of a handful of Manhattan buildings. Read more
A photo from the street of 25-98 36th Street building in Astoria, Queens.
Recent commercial real estate transactions in New York.This 50,910-square-foot, six-story residential building in the Astoria neighborhood was built in 1931. The building contains an elevator and 59 units, including 58 one-bedroom units and one-three bedroom unit. Some apartments are available for market rate while others are rent-regulated. Read more
A photo of 105-05 69th Avenue building in Forest Hills, Queens, New York
Nelson Management has acquired a 112,596-square-foot building. The property owner and manager closed in late June on the $26.5 million purchase of the John Adams building from its previous owner, BlackRock Realty Advisors, the real estate arm of the investment management giant. Read more
The rooftop common area at 275 South Street on the Lower East Side
After teaming up with L+M Development Partners to acquire 275 South Street in 2015, Nelson Management Group President Robert Nelson knew that the hulking 19-story, 256-unit apartment building would need a makeover for its next act as a 21st century, mixed-income rental property. Read more
A photo of Promenade apartments building from across the river.
The 33-story Promenade Apartments just completed a two-year renovation. The transformation of a former Mitchell Lama building in northern Manhattan is complete, and the host of new amenities the developers had promised two years ago, can be seen in completed photos of the building, now renamed the Promenade Apartments. Read more
A photo of Robert Nelson
Robert Nelson is the president of Nelson Management Group, a developer, owner and operator of multifamily apartment buildings in New York City. Nelson also recently formed a private equity fund of $100 million, Global One ASB Fund, to invest in additional properties for the portfolio. Nelson chatted with Commercial Observer about the industry lessons he learned from his father and why he is very picky about his projects. Read more