News: Brokerage

Berkowitz, Stern, Horvath and Butwin of RKF secure two leases on behalf of the Kushner Companies

RKF has arranged two leases in the East Village on behalf of the Kushner Companies, and has subsequently been retained to market seven additional spaces for the owner in the East Village and Greenwich Village. RKF senior director Ross Berkowitz, senior associate Andrew Stern, senior associate Ryan Horvath and senior analyst Jonathan Butwin represented the landlord in securing two tenants for spaces in the East Village. Mediterranean restaurant Ethos has leased 3,680 s/f on the ground floor and basement at 167 Avenue A, between East 10th and 11th Sts., while hair salon Shampoo has taken 2,334 s/f on the ground floor and basement at 14 Avenue B between East 2nd St. and Houston St. RKF's senior associate Ryan Horvath represented Shampoo in the transaction, while senior director Ross Berkowitz, senior analyst Jonathan Butwin and associate Yanni Marmarou represented Ethos. Both spaces are situated at the base of low-rise apartment buildings, and share close proximity to Tompkins Square Park and several popular East Village establishments. With the influx of new residential developments in the area, the East Village is one of the city's fastest growing neighborhoods and has become a bustling hub of new restaurants, nightlife and retail hot spots. Kushner has further tapped RKF's Berkowitz, Stern and Butwin to market several other retail spaces in the sought-after East Village and Greenwich Village submarkets, both of which offer 24/7 pedestrian traffic from residents, students and tourists alike. Also in the East Village, 170 East 2nd St. shares a block with popular Italian eatery Supper between Avenues A and B. It consists of three spaces totaling 1,210 s/f and offers excellent frontage and natural light throughout. A few blocks north, 318 East 11th St., between First and Second Aves., boasts close proximity to several highly-trafficked areas, including Union Square, Tompkins Square Park and New York University. The space is comprised of 900 square feet on the ground floor and 900 s/f in the basement. Across town, and straddling both the Greenwich Village and SoHo neighborhoods, 156 Sullivan St. offers prime visibility in two of Manhattan's most sought-after markets. It consists of two spaces totaling approximately 1,500 s/f. This is the first time to market in 30 years for one of the spaces, and both spaces enjoy strong co-tenancy, natural light throughout and good frontage, with potential for additional retail signage on West Houston St. Lastly, 120 MacDougal is located steps from Washington Square Park in the middle of New York University's main food, beverage and nightlife corridor with heavy foot traffic 24/7/365. It features 500 s/f on the ground floor and a 100 s/f basement. "We are thrilled to be partnering with Kushner once again on these four assignments and anticipate high demand for these spaces," said Berkowitz. "This is a great opportunity for any retailer looking to establish a presence in two of New York's most vibrant, demographically diverse and popular neighborhoods."
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