News: Brokerage

Patis to open two eateries in ground-floor retail at AmTrust RE’s 203 Jay St.

Brooklyn, NY AmTrust RE completed a 5,110 s/f lease transaction at 203 Jay St., a 72,000 s/f mixed-use property. The tenant, Patis Bakery, will unveil two dining concepts in the fall of 2023: a full-service sit-down restaurant and a cafe/upscale bakery.

Patis was represented by brokerage and advisory firm masonre’s founder and chief executive officer, David Abrams, and director, Jeff Jacobson. AmTrust RE was represented in-house by Anne Holker, managing director, leasing and acquisitions.

Situated at the nexus of DUMBO, downtown Brooklyn, and Brooklyn Heights, 203 Jay St. is a boutique, eight-story property consisting of office space, a gym, several private terraces and floor-to-ceiling windows. The building is physically connected to The Amberly, AmTrust RE’s 31-story, 270-unit luxury rental property. The Amberly is fully leased.

Helmed by CEO Benny Azizov, Patis was founded in 2017, and quickly gained acclaim throughout the Tri-State area for its French-American pastries and kosher bakery offerings. Upon full build-out of the 203 Jay St. stores — Patis’ 17th location — the new high-end version of Patis will feature a sit-down restaurant and full-service bar. The cafe will offer casual dining, coffee, and other light food and grab-and-go items.

“We’re thrilled to welcome Patis to 203 Jay as it furthers our efforts to elevate the experience for our office tenants as well as residents of The Amberly,” said Jonathan Bennett, president of AmTrust RE. “Now that we’re in a post-COVID world, it’s encouraging to see expansion activity underway in New York City and beyond — we’ve signed several office leases over the past few months, and 203 Jay’s allure as an office property will only increase as a result of these new food and beverage options. Patis has quickly become one of the city’s most chic dining establishments, and we’re confident that these new eateries will be embraced by our commercial and residential tenants and the surrounding community.” 

In addition to the Patis locations, 203 Jay St.’s growing base of office tenants includes Gotham Neurosurgery, which recently moved into a new space that will serve as an extension of the medical group’s facilities at Brooklyn Hospital. Additional office tenants include Paycom, LifeStance Health, and law firm Morgan & Morgan. 

“Our new location at 203 Jay St. presents an exciting opportunity to bring our sumptuous food and desserts to north Brooklyn,” said Patis‘ Benny Azizov. “This space offers the best of both worlds for us, with its curb appeal and ideal location in a vibrant neighborhood, plus immediate access to a robust customer base. We look forward to opening our doors to everyone in the fall.” 

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