News: Brokerage

Andreoli of Massey Knakal to market 249 East 57th Street

Massey Knakal Retail Leasing Services has been retained to secure a tenant for a retail space at 249 East 57th St. The space is located between Second and Third Aves. in the Midtown East neighborhood. The space contains approximately 1,405 s/f on the ground floor with 10-ft. ceilings. It features approximately 14 ft. of highly visible frontage along 57th St. The space was formerly occupied by a furniture store but all uses will be considered. Located on the Eastern end of "Billionaire's Row" in the Design District, the property is in proximity to multiple new developments, including the recently opened Whole Foods and a luxury residential tower at 252 East 57th St. Neighboring tenants include Duane Reade, BoConcept, Lillian Nassau, TD Bank, Roche Bobois, Decorfin, and the Pita Grill. "57th St. is quickly becoming one of the most desirable retail areas in the city due to the high-end residential development along the entire corridor. This is an opportunity for the right business to take advantage of an open space in a great location," said Massey Knakal's Anthony Andreoli, who is exclusively marketing this space.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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,

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