New York, NY Handler Real Estate Organization has arranged more than 27,000 s/f of office and retail leasing at 44 West 37th St., a ground-up, 15-story, glass-and-steel property owned by Azul NYC.
Located on 37th St. between Fifth Ave. and Ave. of the Americas, 44 West 37th St. is a 15-story, 58,600 s/f mixed-use property offering tenants high-end finishes and creative office layouts.
Darell Handler, COO of Handler Real Estate Organization, who along with colleagues Alex Bush and Kyle Galin leads the agency leasing effort on behalf of 44 West 37th St., noted that leasing activity has been robust since they took over the agency at the end of January 2022, when the property was fully vacant.
“In that short time, we have leased more than sixty percent of the available space to an impressive list of tenants, creating a dynamic atmosphere,” Handler said. “The building is a beautifully appointed treasure for tenants seeking a boutique, full-floor presence in Midtown.”
The newly completed leases include:
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,