News: Brokerage

Majerovsky of Citywide Properties inks 15-year lease at 202 Centre St.

Sasha Majerovsky of Citywide Properties, Inc. has completed a 15 year lease with 5 year option  for 13,000 s/f encompassing the 2nd & 3rd floors  at 202 Centre St. with Lower Manhattan Dialysis Center, a medical office and dialysis facility founded in 1971. Following a year long search, Lower Manhattan Dialysis Center had turned to Majerovsky for their space search.With full understanding of their extremely specific needs and strict requirements of this unique client and not exceeding their price range, Majerovsky brought to their attention 202 Centre St., a 6-story corner building built in 1912 with asking rents in the $40 per s/f range. Located in the SoHo submarket, in close proximity to Chinatown and to their former location at 150 Lafayette St., the space fit their criteria in every way according to Majerovsky.Though details of the transaction were undisclosed, this was a very complex transaction with a lot to iron out, such as creating a separate entrance with new lobby and elevator for them on the Hester St. side, which is why the deal took a few months to consummate. Overall, the landlord is very pleased to have a tenant of that caliber. The landlord was represented by Nancy Yan of Centre Hester Realty LLC.
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