News: Brokerage

Cohen, Winter and Cisarik of Newmark facilitate office lease

Manhattan, NY Newmark handled a new office lease for Galileo Health of the penthouse at 166 Crosby St. The penthouse space spans 11,511 s/f on the entire 12th floor of the building and includes a private roof deck. Newmark was the sole broker on the transaction with JD Cohen and Jarad Winter and representing the landlord, Renaissance Properties, while Josh Berg represented the tenant, Galileo Health. Stephen Cisarik of Newmark’s San Francisco office also facilitated the relationship with the New York team.

“The penthouse is designed with high-end finishes making it a great new space for this innovative healthcare service provider,” said Cohen. “The oversized, glass-fronted offices, conference rooms, hardwood floors, exposed 14 ft. ceilings, and private rooftop access offers Galileo a bright, open-air environment.”

Winter said, “The penthouse also features the exposed original terra-cotta ceilings and skylights giving it excellent character–it is easily one of the most unique spaces in the market.”

Galileo is a transformative, digital-first medical service that offers individuals direct access to national clinical expertise. The firm uses innovative mobile technology and human-centered design to improve medical care quality and affordability for all.

“We are pleased that Galileo Health has joined 166 Crosby’s prestigious Tenant roster along with Bain Capital, Bevel PR, Bold New York, Tumblr, Inverse Media, and the other influential organizations that have chosen to work at this address,” said Bradley Fishel of RPNY.

Built in 1897, 166 Crosby St. is a landmarked building located at the center of the NoHo neighborhood. The property, which is 12 stories tall, has over 159,000 s/f and includes two lobby entrances, one brand new entrance on Crosby St., and one entering on Broadway. The property features dual lobby attendants, a coffee bar, bike storage for tenants, key card access and four brand new elevators. The asset offers excellent access to transit and is close to many restaurants within walking distance, including GATO, Estela and Bohemian.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.
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,