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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent