New York Commercial Real Estate Services arranges five office/retail leases totaling 4,975 s/f; includes a 1,100 s/f office lease by Posner at 766 Madison
New York Commercial Real Estate Services (NYCRS) has brokered five leases totaling 4,975 s/f. The deals include the following:
* 766 Madison Ave.: 1,100 s/f office space. Betty Posner of NYCRS represented the client, Academic Approach New York LLC. The company signed a five-year office lease. The landlord, Judson Realty was in-house represented by Stuart Ellman.
* 333 Hudson St.: 975 s/f office space. Michael Chow of NYCRS represented the client, Robero Corrias. The artist signed a three-year lease. The landlord was Jack Fuchs.
* 131 West 33rd St.: 1,100 s/f office space. Tim Parkkila of NYCRS represented the client, Dogmatic Products Inc. The pet product company signed a two-year lease. The landlord, Time Equities, was represented by Nadja Galloway & Brandon Medieiros.
* 202A Mott St.: 400 s/f retail space. Kathleen Perkins of NYCRS represented the client, Tony Oxley. A 10-year lease was signed by the English Butcher to sell cooked meats. The landlord was Golden Mountain Realty Inc.
* 501 Hudson St.: 1,400 s/f retail space. Bertrand de Soultrait of NYCRS represented the tenant Alessandro Radici, who signed a ten-year lease to open a Tiramisu specialty store. The landlord was Hudson Equities LTD.
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
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.
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