News: Brokerage

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."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

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
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.
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

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
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