The Durst Organization selects Winick Realty Group to exclusively market 205 East 42nd Street
The Durst Organization has hired the Winick Realty Group executive team of Steven Baker, president, and Kenneth Hochhauser to exclusively market another prime asset in the company's east side portfolio.
The retail at 205 East 42nd St., located between Third and Second Aves., offers a rare retail availability on New York's storied 42nd Street retail corridor. The space, which consists of 5,636 s/f on the ground floor and 2,069 s/f on the lower level, will have a new storefront installed, complete with a new window on the western side. Its dramatic interior offers 60 feet of 42nd Street frontage, as well as soaring 20-foot ceilings.
"We are proud to represent a truly remarkable retail space in the heart of Manhattan's business district," said Baker. "This availability is the ideal opportunity for a restaurant or retailer to attract not only the many office workers in the area, but also the dense population of residents, tourists and commuters from Grand Central Station, which is located only blocks away."
"We look forward to working with Steven and the Winick team on leasing up the retail at 205 East 42nd St.," said Brandl Frey, leasing manager at The Durst Organization. "We have just finished a two-year repositioning of 205 as a center for non-for-profit and government users and are excited by the opportunity to find a high-quality retail user to complement our distinguished tenant roster."
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.
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