James Famularo and Ravi Idnani of NYCRS leased a retail space at 151 Grand St. (aka 158 Lafayette) in SoHo. The lease totals 2,200 s/f and the asking rent was $125 per s/f. The landlord, Time Equities was represented by Scott Klatsky and Nadja Galloway and the tenant representatives were Famularo and Idnani. The incoming tenant is Flud Watches, who will be opening their first flagship store in New York City. This will be a fashion watch store. The deal was a ten-year lease. Flud Watches is planning on opening in November.
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.
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
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