Manhattan, NY Kalsang Pottery opened its first retail location at 241 East 10th St. in the East Village, according to exclusive listing agent Platinum Commercial. The shop will feature functional art pieces designed for everyday culinary enjoyment.
Kalsang Pottery has signed a five-year lease for a 400 s/f space that was asking $172 per s/f. Additionally, the space also includes a 300 s/f basement. Emre Bozkurt and Joseph Zalta of Platinum Commercial represented both sides of the transaction.
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,