Manhattan, NY According to GFP Real Estate, the property manager of 16 West 22nd St., along with building owner, the Yagoda family, their tenant Cote, New York City’s first Korean Steakhouse from restaurateur Simon Kim, was awarded a 2018 Michelin Star. The restaurant occupies 3,897 s/f on the ground floor at 16 West 22nd St., a 12-story, 156,000 s/f building located in the Flatiron District.
Barbara Yagoda represented the ownership and Donald Cafero of Hudson Real Estate represented the tenant in the lease.
Cote is the newest entrant to the starred steakhouse category in New York. The only other two members of that group are Peter Luger and Minetta Tavern. The menu serves chophouse classics, dry-aged beef and dishes like bibimbap. Boasting both a main floor and lower-lounge level, the restaurant focuses on offering the highest quality, freshly sourced beef, all curated by David Shim, a former M. Wells chef, who was also at French temple L’Atelier de Robuchon, high-end Korean barbecue Kristalbelli and New American restaurant Veritas.
Founded in 1952 by Aaron Gural, the company originally known as Newmark & Co. Real Estate Inc., now GFP Real Estate LLC, has grown to own, along with its partners, more than 8.8 million s/f of commercial property in New York City, and a total of over 10.2 million s/f in the tri-state region. GFP Real Estate serves as landlord to more than 2,700 tenants in its portfolio, manages 13.4 million s/f on behalf of itself and other property owners in the region, and has 80 full-time professionals on its team.
The building, which was constructed in 1910, is undergoing a complete lobby renovation. Tenants benefit from the property’s premier location surrounded by many popular dining and shopping options, as well as close proximity to Penn Station, the PATH and several major subway lines.