Smith of Winick Realty brokers two leases in the Garment Center
Winick Realty Group broker Richard Smith has completed two lease transactions, successfully relocating two long-time tenants in the Garment Center.
Twenty-year-old Chinese contemporary sportswear designer Jsong International signed a lease for 1,900 s/f at 149B West 36th St., between Broadway and Seventh Ave. The brand, which had previously operated showroom space at nearby 499 Broadway, decided to move in order to accommodate a new retail component in their business.
"Jsong had never been involved in the retail side of the business before," explained Smith, who represented both Jsong and landlord Zone 26 Fashion, "but they wanted to develop that level of interaction with their customers and they feel that the real-world feedback they will receive will ultimately make them a better company."
Smith also assisted 7th Avenue Stationers in their relocation effort following the demolition of their previous location on 35th St. between Seventh and Eighth Aves. The store moved one block away to a 1,200 s/f space on 147 West 35th St., between Seventh Ave. and Broadway.
"7th Avenue Stationers is one of the rare Pantone color system dealers, so it was important that they remain in the Garment Center, where so many of their customers are located," said Smith, who represented both the tenant and landlord Masar Properties. In addition to Pantone products, 7th Avenue Stationers offers a variety of products that includes pens, personal organizers, calendars and specialty gifts.
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.
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.
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
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
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