News:
Brokerage
Posted: October 15, 2024
Ahamed of Helmsley Spear leases 800 s/f
Manhattan, NY Helmsley Spear, LLC represented Express Printing Copy in a 800 s/f lease at 260 West 39th St. Helmsley Spear’s Showket Ahamed, associate broker, represented the tenant. The company signed a lease for a term of five years with a five-year option to renew. Okada & Co. represented the landlord.
260 West 39th St. is a boutique mixed-use office building located on West 39th St., with transportation access to both the Port Authority Bus Terminal, and Penn Station.
The landlord, 269 West 39th Street LLC was represented in this transaction by Christopher Okada, Alex Fleischman and Avery Reavill of Okada & Company. Asking rent for the space was $85 per s/f.
“I am proud to represent Express Printing Copy in this lease at an excellent location which will enable the company to grow and prosper in the years to come,” said Showket Ahamed.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
