News: Brokerage

SKIP of New York signs lease for 27,000 s/f at 318 West 39th St.

Manhattan, NY According to GFP Real Estate, LLC, SKIP of New York, a non-profit whose mission is to help New York’s most chronically ill and developmentally disabled children and young adults access the services they need to live at home instead of in hospitals and institutions, has signed a 10-year lease for 27,000 s/f, the entire fifth and sixth floors, at 318 West 39th St.

Matthew Mandell, senior managing director of GFP Real Estate, represented the landlord, GFP Real Estate in the transaction; Sam Stein, vice president of The Kaufman Organization, represented the tenant, SKIP of New York. SKIP of New York is currently located at 601 West 26th St. and is expected to move into its new space in Q1 of 2023.

“SKIP of NY wanted a quality building owned by a trustworthy landlord and a deal whose economics supported the organization’s mission of serving children in need across the region,” said Mandell.

318 West 39th St. was built in 1915 and designed by the architectural firm of Crow, Lewis, & Wickenhafer on the former site of the Finck Brewery and was originally named the Finck Building. Building tenants include the bridal designer Amsale as well as Barbara Bush's non-profit organization, Global Health Corp.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

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