News: Brokerage

Dubin of Helmsley Spear leases 10,000 s/f at 145 East 32nd St. to New York City Health + Hospitals Corp.

Manhattan, NY Helmsley Spear, LLC represented the New York City Health + Hospitals Corp. in a lease transaction that provides an East Side location for the corporation’s World Trade Center Environmental Health Center. The 11-year 8-month lease is at 145 East 32nd St. in a Murray Hill office building owned by Meyer Equities. The space covers the entire 7th floor comprising 10,000 s/f.

Helmsley Spear’s Michael Dubin, executive managing director, represented the tenant, New York City Health + Hospitals Corp. The building landlord was represented by Josef Yadgarov and Alisia Ramlochan of The Corcoran Group.  Meyer Equities, the building owner, is a privately held real estate investment firm managed by its principals, Eric and Martin Meyer.

145 East 32nd St. is centrally and located near many transportation lines, including Grand Central Station, and the NoMad and Flatiron District neighborhoods. Murray Hill has also traditionally attracted numerous diplomatic missions with access to the United Nations and Midtown Manhattan. In addition, the historic Morgan Library is an integral part of the neighborhood.

“I am proud to represent the New York City Health + Hospitals Corp. and its World Trade Center Environmental Health Center. This facility is a Center of Excellence dedicated to the assessment and treatment of WTC related conditions. The lease extension, and the confidence shown in this location, will ensure that New Yorkers who were affected by 9/11,  will continue to have access to a convenient and strategic Manhattan medical office location,” said Dubin.

The New York City Health + Hospitals Corp. is the largest municipal health care system in the nation. The system provides the highest quality of patient care at 70 locations throughout the five boroughs of New York City.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.