News:
Brokerage
Posted: May 10, 2022
Cresa's Kunikoff arranges sublease to Peter Thomas Roth Labs at 400 Park Ave.
New York, NY Cresa principal Mitchell Kunikoff has arranged a seven-year sublease for Peter Thomas Roth Labs, comprising a 10,658 s/f office at 400 Park Ave., between 54th and 55th St. The clinical skincare brandis relocating from 460 Park Ave.
“We were able to secure move-in ready, fully-furnished space featuring a dramatic wraparound terrace,” said Kunikoff “Beyond the perk of outdoor space, it is an ideal location for the brand at the crossroads of luxury retail, fashion, and international commerce.”
Representing the sublessor, Banco del Estado de Chile, were Brian Cohen, Aaron Winston, and Emma Sukenik of Newmark. Landlord Waterman Properties, LLC was represented inhouse by Alan Bernstein. Asking rent for the space was $79 per s/f.
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn
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.
Quick Hits
 (2).gif)
Columns and Thought Leadership
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
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
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
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
.gif)
September Promotion
