News: Brokerage

Kaufman, Gettler, and Gorman of New Street lease 1,500 s/f at 3660 Broadway

New Street Realty Advisors, LLC arranged a lease transaction at 3660 Broadway between Covo Trattoria and Miami based landlord, BSD Equities. The premises are located on the northeast corner of West 151st St. and Broadway, a prominent corner in the Hamilton Heights District. The space is comprised of 1,500 s/f on the ground floor and a full contiguous basement. Covo Trattoria will take occupancy of the space immediately and anticipates opening in the spring of 2014. The popular eatery, which has two existing locations in West Harlem, is excited to expand into Hamilton Heights, a neighborhood that has seen a tremendous transformation in the recent years, and will join neighbors such as The Grange, The Chipped Cup, Harlem Public and The Heights Tavern. Joshua Kaufman, Joshua Gettler and Matthew Gorman of New Street Realty Advisors acted on behalf of Covo Restaurant Group and dealt directly with the landlord representatives at BSD Equities. New Street Realty Advisors, LLC is a New York City based real estate brokerage firm with niche focuses on retail leasing and investment sales.
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Columns and Thought Leadership
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
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
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,