News: Brokerage

Brod and Waller of ABS Partners Real Estate lease 3,948 s/f at 145 East 57th St.

Manhattan, NY The New York Professional Nurses Union has leased space at 145 East 57th St., said Ben Waller, partner at ABS Partners Real Estate, the building’s managing and leasing agent.

The long-term lease for the nurses’ union of the Lenox Hill Hospital group comprises 3,948 s/f. The tenant is due to take occupancy of the space on the fifth floor in the first quarter of 2024. It had previously been located at 241 East 75th St.

ABS Partners John Brod and Waller were the brokers for the owner of the building, which is 145 E. 57th Street Associates. Brian Weld of Cushman & Wakefield represented the tenant.

The full floor is 5,087 s/f and was prebuilt with offices, meeting rooms and support space. In order to meet the requirements of the union, ABS proposed dividing the floor and customizing the space for the union’s specific needs.

A 13-story boutique office building with ground-floor retail in the Plaza District, 145 East 57th St. totals 58,500 s/f and offers full-floor spaces. Convenient to mass transit and restaurants, the property features 24/7 access, a “Fresh Air Flow” system, and 200-amp electric service, which is nearly double the power of many neighboring buildings.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their