
Manhattan, NY Neufeld Scheck Brustin Hoffmann & Freudenberger, LLP (NSBHF), a civil rights law firm, signed a 13-year lease for 12,914 s/f on the eighth floor of 200 Varick St. in Hudson Sq.
Robert Silver, Brittany Silver, Anthony Sciacca and Jamie Jacobs of Newmark, and Jeffrey Gural and Rhonda Singer of GFP Real Estate represented the landlord, 200 Varick Street DE LHC LLC. Josh Gosin, Todd Hershman and Matthew Shreiner of Newmark represented the tenant.
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,