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Brokerage
Posted: April 5, 2016
Idnani and Novak of Eastern Consolidated arranges 500 s/f lease to OJ Gallery; Evans and Schwartzman of Walker Malloy act for owner
Ravi Idnani, Eastern Consolidated
Kendall Novak, Eastern Consolidated
NEW YORK, NY Eastern Consolidated’s Retail Leasing Division has arranged a 10-year, 500 s/f lease at 36 Third Ave. in the East Village for OJ Gallery, a 35-year-old family-owned business. The gallery is relocating from 462 Avenue of the Americas where it has been for the last 10 years.
Ravi Idnani, a director, and Kendall Novak, associate director, represented OJ Gallery. Walker Malloy’s Rafe Evans and Gary Schwartzman exclusively represented the owner.
“The space at 36 Third Ave. between 9th and 10th Sts. was an ideal location for OJ Gallery,” Novak said. “After running a successful business at 462 Avenue of the Americas for so many years, OJ Gallery wanted a new location nearby in order to serve its long-time customers.”
Idnani said, “Many art galleries are relocating from West Chelsea and other areas of Manhattan to the East Village and Lower East Side because this area has blossomed into a popular art district. OJ Gallery will be in a perfect location to take advantage of these synergies.”
The East Village also offers a wide array of restaurants and retail shops, as well as excellent transportation via the Q, L, N, R, 4, 5, and 6 trains at Union Square, 6 train at Astor Place, R and N trains at 8th St., and L at 3rd Ave. and 14th St.
Additionally, the area boasts one of the highest concentrations of college and university students in New York City. Over 50,000 students attend New York University, Cooper Union, the New School, St. John’s University, and Cardozo Law.
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