
Manhattan, NY Cushman & Wakefield has arranged a 7,150 s/f lease for Anat Gerstein, Inc. at 29 West 38th St. The full-service communications firm will occupy the entire 14th floor.
Cushman & Wakefield’s David Lebenstein and Sayo Kamara represented the tenant in the transaction. The landlord, 29 WEST 38 ASSOCIATES, LLC, was represented by Ben Waller and Elisa Larson from ABS Partners Real Estate.
“We are thrilled to have arranged this lease for Anat Gerstein, Inc.,” said Lebenstein. “This strategic relocation from Long Island City to Midtown Manhattan not only triples their office footprint, but also positions them in a prime location, enhancing accessibility for both employees and clients to further foster growth and innovation within the company.
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,