News: Brokerage

Levitan and Schultz of Lee NYC markets 155 Wythe Avenue

Senior managing director/principal Peter Levitan and director Jaime Schultz of Lee & Associates NYC LLC (Lee NYC) hold the exclusive agency for the grade-level retail space of 155 Wythe Ave., a residential building located between North 6th and 7th Sts. in Williamsburg. The 1,100 s/f space is currently being used as a residence, but the landlord is installing a new storefront and expanding the space to 2,500 s/f of retail for possession in the third quarter of 2015. Neighboring retailers include Gant, Sandro, Maje and Urban Outfitters Space Ninety 8. "As growth in ridership and population show, people are increasingly eager to visit and live in Williamsburg," said Levitan. "This significant traffic, in addition to recent deals on Wythe Ave. such as J.Crew and Steven Alan Home, will give all types of brands a built-in audience." The strong neighborhood expertise of the Brooklyn team, which also includes Garry Steinberg, has grown Lee NYC into one of Williamsburg's most prominent retail presences. They are currently marketing retail space at 92 North 6th St., 76 North 4th St., the upcoming Pod Hotel at 626 Driggs Ave., 247 Bedford Ave., 174 North 11th St., 296 Bedford Ave., 132 Bedford Ave. and 137 Grand St.. Recent leases include Sweetgreen, Parm, Umami, Le Cycleist by Radegast, Babel Fair and What? Watch's first international flagship store. Overall, they currently represent over 20 properties in Williamsburg alone, containing over 200,000 s/f.
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