News: Brokerage

Consolo and Aquino of Prudential Douglas Elliman represent landlord in 6,000 s/f lease

The leasing and sales team of Faith Hope Consolo, chairman, and Joseph Aquino, executive VP of Prudential Douglas Elliman's Retail Group has arranged a lease for CityMD, a walk-in medical emergency and urgent care center at 37 West 23rd St., between Fifth and Sixth Aves. The physician-owned group, which has several centers in Long Island and one other in Manhattan on the Upper East Side, has plans for a major roll-out in the city over the next year. The new 6,000 s/f facility will have 35 feet of frontage. Consolo and Aquino represented the landlord. Bridging Chelsea and Flatiron, the block contains such well-known prominent national, regional and local businesses as Mario Batali's Eataly, Huffman Koos, PC Richards, Best Buy, Jennifer Convertibles and Home Depot. CityMD was developed by several leaders in the field of emergency medicine as a private alternative to crowded ER rooms. In addition to urgent care for injuries and illnesses, the group offers a full spectrum of services that includes diagnostics, laboratory work, aftercare, pediatric care and pre-approved MRI or CT scans. The practice is covered by most insurance carriers and is a certified occupational medical provider and officially designated "This clinic represents the future of healthcare in urban areas," said Consolo. "The location directly benefits two dynamic neighborhoods and will provide critically needed services to residents, businesses and visitors, alike." Aquino said, "Walk-in emergency medical care that is open seven days a week with extended operating hours is a godsend in this area. Not only are there significant residential populations here, there are restaurants, hotels, offices and lots of retail. City MD will undoubtedly take pressure off of area hospitals, too."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
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,