Famularo and Idnani of New York Commercial Real Estate Services handle 29,000 s/f
New York Commercial Real Estate Services (NYCRS) has completed the following transactions totaling 29,000 s/f:
James Famularo of NYCRS exclusively represented the buyer, a private investor for the sale at 206 Spring St. Brad Mendelson and Alan Schmerzler of Cushman and Wakefield represented the seller for the 15,000 s/f SoHo building. The asking price was $10 million.
NYCRS completed a 10-year, 500 s/f retail lease at 1392 Madison Ave. Ravi Idnani exclusively represented the tenant, Jewelers on Madison and James Famularo represented the landlord, Sassouni Management. The space was on the market for $250 per s/f.
NYCRS also completed a 1,200 s/f lease at 443 East 78th St. to B.Wellness Center. Idnani and Famularo exclusively represented the tenant. The deal was for a 5-year lease.The landlord was Icon Realty.
In addition, the firm leased 800 s/f at 11 Park Place. Idnani and Famularo exclusively represented SWA Architecture and Michael Berger of Colliers International represented the landlord.
Famularo and Idnani leased 10,000 s/f at 206 Spring St. which was the former restaurant space, Fiama, to a high end restaurant. The landlord was asking $200 per s/f for the space.
Famularo signed a lease this week at 27 Prince. He exclusively represented the landlord and Aimee Claps, of Lansco represented Han Kjøbenhavn. The tenant took 1500 s/f on the ground floor and the lease term was 15 years. The landlord had been asking $150 per s/f.
Manhattan, NY GFP Real Estate closed three office leasing transactions totaling 9,952 s/f at 322 Eighth Ave. in Chelsea, highlighting continued leasing momentum at the recently repositioned office
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
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
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.