News: Brokerage

M.C. O’Brien Inc. finalize leases totaling 52,632 s/f

New York, NY M.C. O’Brien Inc. has finalized several lease transactions during the last 90 days totaling 52,632 s/f.

35-27 30th Avenue in Astoria

M.C. O’Brien leased 2,469 s/f of retail space at their exclusive location at 534 Livonia Ave. to University Settlement; a Manhattan based non-profit childcare provider. In addition they leased their other exclusive listing of 3,500 s/f in this project to Sauti Yetu, a Bronx-based non-profit service provider, that site is 574 Livonia Ave. They also secured a lease of 2,683 s/f of office space at their exclusive listing in Sheepshead Bay, for occupational and speech therapy services provided by Alpha and Omega Kids Development Services.

Acting as tenant representative, M.C. O’Brien secured 4,984 s/f of ground floor community facility space for Rise Boro Community Partnership in Bushwick. The landlord will be providing a turn-key installation for Rise Boro, the agency provides a multitude of services ranging from education, affordable housing, homelessness prevention, legal services and youth empowerment. M. C. O’Brien also represented Rise Boro on a lease renewal in the Brownsville section of Brooklyn. The tenant renewed a lease for 2,016 s/f for their home base program at 145 E 98th St. in Brooklyn.

Additionally, M.C. O’Brien secured new locations for The New York Foundling Hospital in Queens and Staten Island. In the first lease, New York Foundling secured a long-term lease of 8,500 s/f at 35-27 30th Ave. in Astoria. Winick Real Estate represented ownership, while M.C. O’Brien represented the tenant. In the other leases M.C. O’Brien secured a lease of 9,830 s/f at Edgewater Plaza in Staten Island for The NY Foundling.

Rite Aid Pharmacy in Sunset Park

On the retail front, M.C. O’Brien, secured a lease extension for Rite Aid Pharmacy in the Sunset Park area. The pharmacy renewed their 6,000 s/f corner store at 5216 5th Ave. in Sunset Park. M.C. O’Brien also secured a new lease for Okaigo Clothing at 2214 Flatbush Ave. in the Marine Park area of Brooklyn; the tenant took a long-term lease of 3,300 s/f. M.C. O’Brien secured a lease for 2,500 s/f at 1722 Pitkin Ave. in the Brownsville section of Brooklyn. Glifin Labs will operate a food store. PS Program Family LLC a provider of day care support and development services secured a long-term lease of 4,000 s/f at 297 Livingston St. in Brooklyn.

Finally, M.C. O’Brien secured leases for the UPS Store at 665 Hillside Ave. in New Hyde Park of 1,350 s/f and another 1,500 s/f location at 504B Myrtle Ave. adjacent to The Pratt Institute in the Clinton Hill area of Brooklyn.

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,
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
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