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Manhattan, NY The Secret Broker Society president Joseph Aquino of JAACRES, with colleague Lynn San Andres have assisted Charleston Shoe Co. in its third lease signing this year.
The new location is a two-level space at 172 Spring St., off West Broadway, totaling 1,000 s/f.
The landlord was represented by Scott Schneidman and Scott Klatsky of Time Equities Inc.
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,