News: Brokerage

Levy of Adams & Co. secures 3,092 s/f for Accessories House NY; Also reps landlord: Thirty West Thirty Third Associates

Adams & Co. Real Estate, LLC, one of Manhattan's premier full-service real estate firm specializing in property management, brokerage and consulting servicess, brokered a 3,092 s/f new lease at 10 West 33rd St. for Accessories House NY, LLC. David Levy, principal of Adam's & Co., represented the tenant and the landlord, Thirty West Thirty Third Associates in the transaction. Although the full details of the transaction were not disclosed, asking price was $50 per s/f. The company plans to use the space as general and executive offices as well as a fashion accessory showroom. "We're excited to welcome another promising accessory company to the space in the Fashion Accessory Center," said Levy. "The existing tenants have had great success expanding their brands in this centrally located building and we expect Accessories House NY to flourish as well." Accessories House NY is a wholesale accessory manufacturer specializing in jewelry and handbags. The company was started in 2009. Built in 1914, 10 West 33rd St. is a 12-story, 319,200 s/f building. Notable tenants include A Classic Time Watch Co., Barganza, Global Design Concepts and Gina Group, with retail tenants Legends Bar & Grill, BCD Tofu House, and United States Post Office.
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,
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
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
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