The CPEX New York retail leasing team has completed a lease agreement at One Brooklyn Bridge with Abhaya Yoga. The yoga studio is the fourth tenant to sign a lease at this location, with more announcements expected soon to name other retail tenants coming to One Brooklyn Bridge as Brooklyn Bridge Park nears completion. The park's marina, variety of athletic fields on the piers, and the arrival of retailers like popular Smorgasburg and Ample Hills Creamery are attracting retail tenants to this stretch of the waterfront.
The lease with Abhaya Yoga is for 4,500 s/f of ground floor commercial space at the base of 438 residential units at One Brooklyn Bridge, which is located at 360 Furman St. in Brooklyn Heights and adjacent to Brooklyn Bridge Park. CPEX's retail leasing team, consisting of managing director Ryan Condren and associate director George Danut, represented the landlord. The incoming tenant, Abhaya Yoga, is relocating from DUMBO to a larger space.
"It has been exciting to see how the level of interest in the retail space at One Brooklyn Bridge has risen along with the construction on the piers," said Condren. "As the park is nearing completion, we are looking forward to seeing this project get closer to being fully occupied. To that end, we plan to make another round of announcements in the next month or so."
The CPEX New York retail leasing Team continues to market the remaining retail space at One Brooklyn Bridge, which offers approximately 50,000 s/f of available ground floor retail space.
Bronx, NY Investment Property Realty Group (IPRG) closed the sale of 216, 218, 220 East 179th St., a development site located in the Mount Hope section of the city, for $3.735 million.
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,
Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
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
When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.