News: Brokerage

Consolo and Aquino of Douglas Elliman chosen to market 895 Madison Avenue

Faith Hope Consolo, chairman, and Joseph Aquino, executive vice president of Douglas Elliman's Retail Group have been awarded the exclusive agency for 895 Madison Ave., located on the northeast corner at 72nd St. The space features 728 s/f at ground level, with a generous 1,221 s/f basement and more than 40 feet of frontage that contains three full-size windows with decorative awnings. Directly facing the two stunning mansions that house Ralph Lauren's Women's & Home Flagship and the Ralph Lauren Men's Flagship, it is located on a street catering to the city's most sophisticated consumers. The internationally renowned leasing and sales team, long regarded for their impactful positioning of distinctive brands along the Jewel Mile, was responsible for arranging the leases for the other tenants in the building, as well, including perfumery Bond No. 9, Selima Optique and Roundabout vintage clothier. "Madison Ave. is our backyard," said Consolo. "We understand its importance as both an international shopping destination and a center for New York's luxury shoppers, which is why we have brought so many premier names here over the years." Some of the other tenants whom they have assisted in the area include Calypso from St. Barths, Mallet from London, Perrin from Paris, Buccellati from Milan, and American designer Vera Wang. Aquino said, "This is an avenue beloved for its unique blend of traditional retailers and nouveau innovators. We respect and rely on the existing retail standards but also feel that introducing new businesses with fresh perspectives enriches the shopping experience." Among the neighboring businesses are Milly, Nanette Lapore, Carolina Herrera, Céline, Emilio Pucci, Asprey London, Missoni, Bottega Veneta, and Tom Ford.
MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.