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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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