Argo Real Estate reveals retail vacancy at 50 West 17th Street
Argo Real Estate revealed a new retail vacancy at 50 West 17th St., the company's headquarters. Located at the crossroads between Union Square, Flatiron and Chelsea, the property boasts restaurant/retail space that offers tenants the opportunity to become a touch-point for three of Manhattan's most traversed neighborhoods.
Formerly occupied by the nightclub Splash, this is the first time the space has been available in 20 years. The space offers two full selling levels totaling 9,000 s/f with exceptional ceiling heights throughout and 45 ft. of frontage on this heavily trafficked thoroughfare.
"There has been a flurry of activity since Splash broke the word that they were leaving," said Marina Higgins, Argo's director of leasing.
"The space is very unique, with extremely high ceilings, very few columns or obstructions and a very large basement."
Currently receiving inquiries, restaurateurs and health club owners have shown significant interest in the space; however Argo is open to an array of retail tenant options.
An industry veteran, Argo is known as an owner/operator of residential properties, converter of rental apartments to coops and condos and third party property manager. A family business, Argo Real Estate began operating just over 60 years ago with founder Henry Moskowitz at its helm. Today the company is led by son Mark Moskowitz.
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.
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
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