News: Brokerage

Famularo and Idnani of Eastern Consolidated arranges 650 s/f lease for Poulette at 426 Amsterdam Avenue

Eastern Consolidated has arranged a long-term, 650 s/f lease for French-inspired rotisserie chicken experience Poulette at 426 Amsterdam Ave. on the Upper West Side. This retail space sits at the base of a five-story residential building between West 80th and West 81st Sts., and includes a full-storage basement and 20 ft. of frontage along Amsterdam Ave. An additional 650 s/f retail space is available for lease on the ground floor of the property. Known for its authentic, high-quality dishes made from locally-sourced and grown products and offered at an affordable price, Poulette has built a strong customer base since its inception in May 2014 in Hell's Kitchen. "This thriving neighborhood on the Upper West Side is a great fit for the popular restaurant chain's second New York City location," said Ravi Idnani, associate director at Eastern Consolidated, who is the exclusive leasing agent for the tenant. "As Poulette builds on its success in Hell's Kitchen, we are thrilled to help the retailer expand its footprint in Manhattan." "This retail space was on the market for just under two weeks, which demonstrates the intense demand for retail offerings in this neighborhood," said James Famularo, senior director of the retail leasing division for Eastern Consolidated, who exclusively represented ownership in the transaction. "The remaining 650 s/f retail unit next to Poulette's new location is a rare opportunity along this busy retail and restaurant corridor." Neighboring tenants include Yogurtland, Luke's Lobster, Jake's Dilemma, Brother Jimmy's, Pinkberry, Haru, Sarabeth's, Zales, Designer Shoe Warehouse, Tumi, The Children's Place, New York Sports Club, Tolani, and The Tangled Vine, among others. The property is in close proximity to the West 79th St. subway station, providing easy access to the No. 1 and 2 subway lines, and a short walk from Central Park.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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,

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
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 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.