News:
Brokerage
Posted: February 14, 2023
Blumenfeld Development Group signs Centers Urgent Care to 10-year lease at The Crossings
Syosset, NY The Blumenfeld Development Group (BDG) arranged the 10-year lease signing with Centers Urgent Care, a Medical Care company, at The Crossings in Hunts Point.
The 2,000 s/f urgent care facility is scheduled to open in the summer of 2023.
Centers Urgent Care currently has 12 locations throughout the city’s five boroughs with The Crossings site to be their second.
The Crossings, a 40,000 s/f premier retail space , is located at the corner of Southern Blvd. and Hunts Point Ave. and was BDG’s first endeavor in the borough. Ideally located at a prime bus and subway terminal, the location lends itself to easy destination and walkable customers.
Since opening in the fall of 2017, the Crossings has served the Bronx community with a variety of tenants across industry and sector including: McDonalds, Dollar Tree, Dunkin Donuts, and Optimum Mobile among others.
“We are pleased to welcome Centers Urgent Care to The Crossings family,” said Brad Blumenfeld, vice president, Blumenfeld Development Group. “We continue to see the Bronx as an area for growth and expansion and glad we can offer a top provider of health care to the community.”
BDG was represented by Karnit Mossberg of Royal properties and Centers Urgent Care by Sam Hartstein of Gemstone Realty Group LLC.
Tags:
Brokerage
MORE FROM Brokerage
Retreat at 490 Wheeler Rd. in Hauppauge
Hauppauge, NY Robert Raffa and Robert Monahan of Island Associates helped to negotiate a long-term lease for Retreat, a non-profit organization located at 490
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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,
