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Brokerage
Posted: April 8, 2013
Kaufman and Raskob of Kaufman secure 9,020 s/f lease
The Kaufman Organization brokered an eleven-year, 9,020 s/f lease for Legacy Builders.
Although the terms of the lease were undisclosed, the asking rent for the space was $40 per s/f. Steven Kaufman and Barbara Raskob of the Kaufman Organization represented the landlord in the transaction, whereas Michael Frantz of Newmark Grubb Knight Frank represented the tenant. Legacy Builders will occupy most of the seventh floor.
Built in 1927, 519 Eighth Ave. is a 26-story building in Manhattan's Garment District. The 349,000 s/f building is home to diverse retail and office tenants such as, Pearl Studios NYC, Vanguard Direct, Teach for America and Thyssen Krupp Elevator Corp. The building is now 100% occupied.
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