Abdo and Cooperstock of Winoker Realty Company lease 14,800 s/f
Winoker Realty Company has arranged a 14,800 s/f lease with nightclub operator New York City 36 LLC on behalf of Broadway 36th Realty LLC, the owner of 29 West 36th St. The new nightclub will be called District 36. Corey Abdo, executive VP at Winoker Realty, and Mitchell Cooperstock, senior managing director, negotiated the retail lease for the landlord.
The new lease carries a ten-year term and encompasses 6,000 s/f on the building's ground floor. Basement and mezzanine space represents the balance of the 14,800 s/f lease.
Michelle Mulle and Chris Cardinale of Sunburst Advisors represented the tenant.
"New York City is the indisputable nightclub capital of the Western Hemisphere," said Abdo. "Given the stature and depth of this market, District 36 explored many spaces during their search. But 29 West 36th St. turned out to be the ideal location for a business destined to become one of Manhattan's hottest dance clubs this fall. We worked closely with the tenant and the landlord to structure a deal that exceeded everyone's expectations."
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing