Monday Props. secures seven leases at 386 Park Ave. South - 26,050 s/f
Monday Properties has completed seven lease transactions, totaling 26,050 s/f, at the 260,000 s/f 386 Park Ave. South.
Craig Panzirer, senior VP and director of leasing and marketing, and Issa Deas, leasing associate, represented building owner Monday Properties in-house in all seven transactions. The 20-story office building, located between East 27th and East 28th Sts., was constructed in 1927 and is 99% leased.
New leases signed at 386 Park Ave. South include: Euro Pacific Capital Inc. signing for 3,975 s/f on the 16th floor, Educate Online Inc. taking 3,166 s/f on the third floor, Vesoft Inc. leasing 2,500 s/f on the fifth floor, Q-nomy Inc. signing for 2,057 s/f on the 16th floor and MMF Systems Inc. taking 1,491 s/f on the eighth floor.
Philip Sprayregen of Byrnam Wood Inc. represented Euro Pacific, David Scher of Jay G. Smith and Associates represented Educate Online, Alan Bonett of Adams & Co. represented Vesoft, and Jean Bates of Manhattan Commercial Realty Corp. represented Q-nomy. MMF Systems was represented in-house.
Monday Properties also completed a renewal and an expansion at 386 Park Ave. South. Menagh & Falcone, PC renewed its lease for 8,150 s/f on the 13th floor and Crisp Wireless expanded its occupancy on the sixth floor to 4,711 s/f. Menagh & Falcone was represented in-house. Scott Bloom of Bloom Real Estate Group LLC represented Crisp Wireless.
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
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
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.