Famularo and Idnani of New York Commercial Real Estate Services handle 29,000 s/f
New York Commercial Real Estate Services (NYCRS) has completed the following transactions totaling 29,000 s/f:
James Famularo of NYCRS exclusively represented the buyer, a private investor for the sale at 206 Spring St. Brad Mendelson and Alan Schmerzler of Cushman and Wakefield represented the seller for the 15,000 s/f SoHo building. The asking price was $10 million.
NYCRS completed a 10-year, 500 s/f retail lease at 1392 Madison Ave. Ravi Idnani exclusively represented the tenant, Jewelers on Madison and James Famularo represented the landlord, Sassouni Management. The space was on the market for $250 per s/f.
NYCRS also completed a 1,200 s/f lease at 443 East 78th St. to B.Wellness Center. Idnani and Famularo exclusively represented the tenant. The deal was for a 5-year lease.The landlord was Icon Realty.
In addition, the firm leased 800 s/f at 11 Park Place. Idnani and Famularo exclusively represented SWA Architecture and Michael Berger of Colliers International represented the landlord.
Famularo and Idnani leased 10,000 s/f at 206 Spring St. which was the former restaurant space, Fiama, to a high end restaurant. The landlord was asking $200 per s/f for the space.
Famularo signed a lease this week at 27 Prince. He exclusively represented the landlord and Aimee Claps, of Lansco represented Han Kjøbenhavn. The tenant took 1500 s/f on the ground floor and the lease term was 15 years. The landlord had been asking $150 per s/f.
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.
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.
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
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 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