New York Commercial Real Estate Services inks five leases
According to New York Commercial Real Estate Services (NYCRS), it has completed the following transactions:
Retail space at 600 Washington St. just signed for 4,100 s/f of ground space with Sisu Fitness. The asking price was $65 per s/f. The brokers involved were Newmark Knight Frank's Craig Slosberg for the owner and NYCRS' Tim Parkkila for the tenant. The personal training gym will feature a boxing ring.
At 394 Broadway, The Production Plant just signed a five-year lease for 5,300 s/f of space on the building's 2nd floor. The asking price was $34 per s/f. Ken Brandman of NYCRS brokered the lease on behalf of owner Jack Jangana and the 394 Broadway Group, LLC.
At 251 West 30th St., a partial 10th floor lease was just signed with Body & Mind NYC for five years. The asking price was $25 per s/f. Sam Stein of Justin Properties represented the owner and Helen Demetrious of NYCRS represented the tenant.
At 125 Maiden Lane, Fischer Jordan signed a lease for 1,100 s/f. The broker involved was Michael Chow and the landlord was Time Equities.
At 248 Mott St., Local New York, LLC signed a 400 s/f retail lease. The broker involved was Kathleen Perkins of NYCRS, and the landlord was Croman Real Estate, represented by Ken Brandman of NYCRS.
Queens, NY Asset CRG Advisors brokered one of the largest Opportunity Zone development sales in the country — a transformative site in the heart of downtown Jamaica. Managing partners Yuriy Ustoyev and Sadya Liberow represented both buyer and seller in the $59.7 million transaction
Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach