News: Brokerage

Kaufman of Bluestar handles 2,500 s/f lease between Bilingual Nest, LLC and 300 Manhattan Ave LLC

Manhattan, NY According to Bluestar Properties, Inc., it has arranged a long-term lease between Bilingual Nest, LLC, and 300 Manhattan Ave LLC.

Joshua Kaufman of Bluestar Properties, Inc. Joshua Kaufman, Bluestar Properties, Inc.

Joshua Kaufman of Bluestar Properties, Inc. represented both the landlord and the tenant in this transaction.

Located across the street from Morningside Park, the new nursery and daycare center will occupy 2,500 s/f on the corner of West 113th St. and Manhattan Ave., in Harlem’s Gold Coast.

Bilingual Nest is a bilingual day care and pre-school that will offer educational programs including music, art, reading and writing.  The daycare, which maintains two other locations in the city, was eager to expand their footprint into the Morningside Heights neighborhood. In addition, Bilingual Nest will be renovating the facility and anticipates opening for the 2017-2018 academic school year.

Bluestar Properties, Inc. is a New York City-based real estate organization that specializes in the acquisition, management and leasing of commercial and multifamily properties.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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