News: Brokerage

Famularo and Geoghegan of Eastern Consolidated to market 2,800 s/f retail space in Hell's Kitchen

Eastern Consolidated has been retained as the exclusive leasing agent for 695 Ninth Ave., a 2,800 s/f retail store front located at the corner of West 48th St. in Hell's Kitchen. The space is comprised of 2,000 s/f on the ground floor and 800 s/f on the lower level. It also features 25 ft. of sidewalk frontage on a Prime Corner of Ninth Ave. & West 48th St. and is available for immediate possession. "As the only store-front vacancy along this corridor that is known for its culinary diversity, we expect this prime corner retail offering to be snatched up quickly," said James Famularo, senior director of the retail leasing division for Eastern Consolidated, who exclusively represents the property along with associate director Jeff Geoghegan. "Hell's Kitchen receives a heavy and continuous flow of foot traffic, which makes this rare opportunity attractive to restaurateurs and retailers alike." Neighboring tenants along the popular thoroughfare include Kiehl's, Southern Hospitality Bar, World Wide Plaza, Bally's Gym, Atlas Social Club, Mercury Bar, Five Napkin Burger, Amy's Bread, Fuel, Empanada Mama, Duane Reade, McDonald's, Petland Discounts, Yum-Yum and more.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,

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.
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