News:
Brokerage
Posted: November 25, 2025
Koeppel Rosen leases 3,715 s/f to Chelsea Arts Tile + Stone at 245 West 29th St.
Manhattan, NY Koeppel Rosen LLC negotiated a new 3,715 s/f, seven-year, seven-month lease for Chelsea Arts Tile + Stone LLC at 245 West 29th St.
The new lease will comprise a partial space on the fourth floor of the building and will be used as an office/showroom for Chelsea Art Tile + Stone. Max Koeppel,director of leasing at Koeppel Rosen, represented ownership in-house. Michael Nazarian with Norman Bobrow & Co., Inc. represented the tenant.
Chelsea Art Tile + Stone is a supplier and fabricator of tile and stone products.
serving New York City’s architectural, design, and construction communities. Known for its craftsmanship, curated materials, and custom solutions, the company specializes in bringing high-end stonework and tile installations to both residential and commercial projects.
Constructed in 1929, 245 West 29th St. is a 17-story 99,588 s/f office building located in Midtown Manhattan’s Chelsea neighborhood. The building was designed by architect Julius Eckman and is Energy Star certified.
The property has concrete floors, plenty of natural light, 24-hour building access, and street-level retail stores. The building is home to several tenants including The French Paradox, Bellantuono Dance Studio and Christopher Farr.
Tags:
Brokerage
New York City
MORE FROM Brokerage
Olmstead Properties, Vertex complete acquisition of 19 West 44th St. in Midtown Manhattan
Manhattan, NY Olmstead Properties, in partnership with the investment platform Vertex, have acquired 19 West 44th Street, a 302,000 s/f office building located in Midtown,
Columns and Thought Leadership
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
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
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
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.
