News:
Spotlight Content
Posted: October 7, 2011
Famularo and Brandman of New York Commercial Real Estate Services complete three leases: 10,500 s/f total
According to New York Commercial Real Estate Services, (NYCRS), James Famularo and Ken Brandman have completed three leases totaling 10,500 s/f.
As exclusive agents, Famularo and Brandman completed a 1,500 s/f lease at 424 East 9th St. The space was leased by an Italian restaurant group and will include some minor renovations.
A second lease was signed recently for 75 Nassau St. by chef Michael Bao, which was for 1,000 s/f. Bao signed for Vietnamese sandwich shop, Baoguette. The space is a converted space with a full basement, and will undergo some renovations. The sandwich shop is scheduled for a November opening.
Famularo acted as the exclusive agent forthe landlord on an 8,000 s/f building. A 10-year lease was signed at 54 Crosby St. The asking price was $45,000 per month.
Tags:
Spotlight Content
MORE FROM Spotlight Content
Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
.png)
.jpg)
Columns and Thought Leadership
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
.gif)