Manhattan, NY GFP Real Estate, LLC said that duotone audio group, Ltd., a music and sound production company signed a three-year extension to its existing lease for 4,633 s/f on the sixth floor of 200 Varick St. in Hudson Sq.
Brendan O’Leary and Steven Langton of Cushman & Wakefield represented the tenant. 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.
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,