Dunphy of Rockrose Development handles garage lease
Rockrose Development Corp. has negotiated a 10-year lease for its six-level, 217,368 s/f parking garage at 47-05 Center Blvd., Rockrose's 31-story, 394-unit rental apartment tower on the East River waterfront in Long Island City. The Rockrose-owned facility will to be operated as a parking garage by Little Man and Enterprise Parking.
Howard Greenberg of Ace Capital represented Little Man and Enterprise Parking. Rockrose was represented in-house by Patricia Dunphy, senior VP. Attorney Ivan Moskowitz, of Schiff Hardin assisted in the negotiations.
Moskowitz has worked for Rockrose on leasing matters for decades.
Built by Rockrose in 2007, 47-05 Center Blvd. is a full-service residential building in the formerly industrial area of Long Island City now known as Queens West. The building contains a professionally-managed rooftop health club and spa, a 35,000 s/f roof deck, and common areas designed by the Rockwell Group.
Rockrose Development Corp. is a family-owned and -operated real estate company with four decades of experience. The company's visionary outlook and hands-on approach as an owner, developer and manager has established it as an industry leader that sets New York's standard for quality real estate. Rockrose has earned a reputation for architectural distinction, sensitivity to local communities and creative management. Many of Rockrose's projects have received favorable public reviews and design awards by landmarks and other governmental agencies. There are approximately 2,800 units in Rockrose's residential-rental portfolio. Rockrose is perhaps best known for developing The Archive residential building at 666 Greenwich St. in Greenwich Village, and is currently constructing a 709-unit rental building in Long Island City. Rockrose is also known for developing commercial properties, including the trophy office property, Carnegie Hall Tower.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 247 Leonard St., a multi-family building located in the Williamsburg section of the city, for $2.175
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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,
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
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.