News: Brokerage

Consolo, Aquino, and Maglio represent Tahl Propp Equities in long-term lease at 2113 Frederick Douglass Blvd.

The leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, along with Arthur Maglio of Douglas Elliman's Retail Group has arranged a long-term lease for Maharaja Palace Restaurant, at 2113 Frederick Douglass Blvd., between 114th and 115th Streets. Known for its expansive menu, which includes unique Goan and southern Indian dishes, it will be the restaurant's second Manhattan location. "The same owner has had a popular restaurant on Madison Avenue in Carnegie Hill for several years," pointed out Consolo. "This expansion into Harlem speaks volumes about the neighborhood and emerging customer base." Maglio said, "The previous tenant was also a food establishment, but one that was reflective of earlier times in the area. Maharaja Palace is more of an upscale restaurant and the first to offer this type of cuisine on the block." In addition to the current lease, the Douglas Elliman Retail Group team has been responsible for bringing many restaurants and food service groups to Harlem, including Ottomanelli's Wine & Burger Bar, Chill Berry, Pa-paya Seed and City Cookhouse. It has also been instrumental in securing locations in the neighborhood for numerous government groups, community-based organizations and medical facilities, such as the U.S. Department of Veterans Affairs, Internal Revenue Service, Children's Aid Society, Ralph Lauren Center for Cancer Care and Prevention, Friends of the Children, AIDS Services Center NYC, Sunshine Day Care, Pono Learning and Fifth Avenue Social Adult Day Care. Consolo, Aquino and Maglio represented the landlord Tahl Propp Equities during the transaction. The tenant's broker was Walker Malloy.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

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
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

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