News: Brokerage

Valentino and Tergesen of ABS Partners ink two leases totaling 2,150 s/f

ABS Partners Real Estate, LLC has completed two deals totaling 2,150 s/f at 234 Union Ave. for Armageddon Tattoos and an upcoming Spanish/American restaurant. ABS managing directors Dean Valentino and Mark Tergesen represented the tenant and landlord. Armageddon Tattoos signed a seven-year lease for 850 s/f in the building. "This new location really appealed to Armageddon Tattoos, especially since its previous building was undergoing renovations which would have interrupted its business operations," said Valentino. "With an established clientele who regularly seeks out its services, it was imperative that Armageddon Tattoos relocate as quickly and as smoothly as possible. 234 Union presented an ideal space and location for its needs and to grow the business." The Spanish/American restaurant, which is as-yet unnamed, signed a 10-year lease for 1,300 s/f on the building's corner. This is the newest venture for owner Venneio Infante, a seasoned restaurateur. "The surrounding area consists of many brand new condos and other new development, which made it a great place to open up a restaurant," said Valentino. "The vibrancy and energy of the surrounding areas made Venneio's decision easy as well as the corner location, which is extremely desirable." Existing tenants in the building include a laundromat. There is one more 550 s/f space still available that was previously a hair salon.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.