News: Brokerage

Gurevich of GFP Real Estate leases 4,869 s/f to Seiden Law at 322 Eighth Ave.

Manhattan, NY According to GFP Real Estate, LLC , Seiden Law LLP has signed a new seven-year lease for 4,869 s/f on the 12th floor of 322 Eighth Ave.

Allen Gurevich of GFP Real Estate represented the landlord, GFP Real Estate, and the tenant, Seiden Law LLP, in the transaction.  The company, which currently occupies 2,500 s/f on the 17th floor of the building, is expected to move into its new space in the next several weeks following the completion of the firm’s new offices.  The 12th floor space was previously occupied by Hazelden Betty Ford Foundation.

“Seiden Law has been in the building since 2021 and needed the additional space to accommodate its rapid growth,” said Gurevich.  “Whenever a company can relocate to a new space within its existing building it’s a win-win.  We are excited to see the firm continue to grow its presence at 322 8th Ave.”

“The building owners, and Allen especially, have been fantastic to work with, helping us navigate our growth without disruption to a larger space within the building converging with the new lobby and other upgrades of the building,” said Robert Seiden, managing partner of Seiden Law LLP. 

Built in 1925 and designed by architects George and Edward Blum in a neo-gothic style, 322 Eighth Ave. is a 21-story, 185,000 s/f office building located in Chelsea. In recent years the building’s entrance and façade were completely remodeled and feature a modern, glass storefront while the building’s marble-floored lobby has vaulted ceilings featuring a mural painted by American artist Thomas Hart Benton, which was restored by a specialist from the Metropolitan Museum of Art.  

GFP Real Estate is currently renovating the lobby at 322 Eighth Ave., adding a new green wall, coffee bar, waiting area, security desk, turnstiles, and contemporary finishes.

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
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.
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,