News: Brokerage

Handler and Newman of Handler Organization represent landlord in 4,700 s/f lease to BustedTees.com

Darell Handler, Handler Real Estate Organization Darell Handler, Handler Real Estate Organization
New York, NY Handler Real Estate Organization has arranged a five-year lease on behalf of ownership at 36 East 20th St., with BustedTees.com, taking the entire 4,700 s/f penthouse. The new location will serve as the headquarters for the firm, which produces "BustedTees" t-shirts. Relocating within the Flatiron District into larger space, BustedTees.com — which also does business as TeePublic.com — has been one of the leading Internet-based t-shirt brands since it launched in 2006, started by the creators of CollegeHumor.com."BustedTees" t-shirts include humorous designs from pop culture including The Simpsons, Star Wars, comic books, and many others. Handler Real Estate, which has more than 50 years of property ownership, leasing, and management experience, is the exclusive leasing agent for 36 East 20th St., a 40,000 s/f property in the heart of the Flatiron District. “BustedTees.com is a dynamic, growing Internet-based t-shirt company that wanted larger, energizing space in a great, well-run building, while remaining in the Flatiron District,” said Handler director Darell Handler, who along with Peter Newman represented ownership, 36 E 20th Street Realty Co., in the transaction. Darell Handler added that the landlord provided Brain Buster with a high-end, new build-out, including two large skylights and exposed brick. Ownership also recently renovated the lobby and the elevator. Ramsey Feher and William Iacovelli, of CBRE, represented the tenant in the transaction. Built in 1901 and located on East 20th Street between Park Ave. South and Fifth Ave. in the Flatiron District, 36 East 20th St. is an elegant, eight-story building with a red-brick and applied masonry facade featuring early 20th century design elements typical of the Art Nouveau era. Boasting large windows and bright interior spaces with reception areas and kitchens, and full bathrooms, the property is in close proximity to retail, restaurants, Madison Square Park, Union Square Park, and Gramercy Park, and the 4, 5, 6, F, L, N, Q and R subway lines.
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,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent