Braus and Sutro of Lee & Associates NYC chosen to market 149 Essex Street
Manhattan, NY Peter Braus, managing principal, and JP Sutro, managing director of Lee & Associates NYC LLC, have been awarded the exclusive agency for the retail space at 149 Essex St. between Rivington and Stanton Sts., a building owned by prolific investor HUBB NYC. Located on the Lower East Side, one of Manhattan’s most sought-after neighborhoods, the 1,500 s/f store is adjacent to the recently opened celebrity haunt Tijuana Picnic, sister restaurant to downtown destinations Acme and Indochine. 149 Essex is also steps away from the 1.9 million s/f mixed-use project, Essex Crossing, whose first phase is now under construction.
“This space is at the crossroads of a neighborhood undergoing an amazing transformation,” said Braus. “We think this is an ideal location for a tenant looking to take advantage of all the Lower East Side has to offer.”
Sutro said, “The landlord has taken a visionary approach to the property. Our goal is to bring the kind of retail to the space that will complete the revitalization of the entire block-front.”
HUBB NYC, a privately held real estate firm, owns and operates 27 multifamily buildings in Manhattan.
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.
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