News: Brokerage

Kamali and Sandel of Eastern Consolidated arrange 7,000 s/f lease to CityMD

Bronx, NY Eastern Consolidated’s retail leasing division has arranged for CityMD to lease an entire 7,000 s/f multi-level building at 388 East Fordham Rd. between Webster and Mariam Ave. The space offers 12 to 30-ft. ceilings, 3,000 s/f on the ground floor, and 1,000 s/f on the mezzanine with an additional 3,000 s/f of storage on the third floor and basement. Eastern Consolidated senior director Brad Cohen, and associate directors Jon Kamali and Benjamin Sandel, negotiated the long-term lease on behalf of the landlord.  Benjamin Birnbaum of Newmark Grubb Knight Frank represented CityMD. “This is the third location for CityMD in the Bronx and the only urgent care facility on East Fordham Rd.,” Cohen said. “This site is easily accessible, located on a major commercial corridor next to Fordham University, and in the midst of a vibrant residential community full of college students and families in need of health services.” Kamali said, “The market for urgent care services is growing and CityMD is at the forefront of this expansion in New York City. This property gives them a full building identity in arguably the best retail corridor in the Bronx.” The East Fordham Road property is surrounded by prime retailers including Sears, Best Buy, Walgreens, 24 Hour Fitness, TJ Maxx, Starbucks, Applebee’s, Chipotle, Party City, Famous Footwear, Modell’s, Zales, Planet Fitness, Burlington Coat Factory, Dr. Jays, and Checkers. Transportation is available on Metro North and the B and D trains.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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.