News: Brokerage

Consolo, Aquino and Maglio of Douglas Elliman broker 1,000 s/f lease

The leasing and sales team of Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, along with Arthur Maglio, of Douglas Elliman's retail group, is bringing YSB Salon to 2520 Frederick Douglass Blvd., between 134th and 135th Sts. The 1,000 s/f store (ground level 550 s/f and lower level 450 s/f) is one of a new portfolio that the team is exclusively representing, with spaces located in Central Harlem. Consolo, Aquino and Maglio represented the landlord, The Greater Harlem Housing Development Corp., and tenant. The space was previously occupied by the Beauty Center. "We were instrumental in transforming the retail landscape in the southern part of the district, and now we are going to upgrade the profile here," said Consolo. "This salon is a prime example of catering to the neighborhood's changing needs because it offers many spa-like services, not yet seen here." Maglio said, "There is so much activity north of 125th St. that this has become the next frontier for new restaurants and shops in Harlem. There is an educated consumer base in the area, with disposable income, that would welcome better retail and services." Other businesses in the area include Londel's Restaurant, J. Restaurant Chez Asta, Chase Bank, Duane Reade, Fine Fare Supermarket, IHOP and Make My Cake. Douglas Elliman's Retail Group team has a well-established history of arranging leases for much needed services throughout the area, including community-based businesses and government agencies. Among them are Tribeca Pediatrics, Children's Aid Society, AIDS Service Center NYC, Food Bank for NYC, Ralph Lauren Center for Cancer Care and Prevention, Friends of the Children, Central Park North Orthodontics, Sunshine Day Care, Sugar Hill Medical Plaza, U.S. Department of Veterans Affairs and the Internal Revenue Service.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
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,

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
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