Newell and Mann of Reilly Mann Newell broker $15.95 million

The completion of a 1031 exchange was brokered by Reilly Mann Newell Realty Group. Having sold 3868 Broadway, Jack Lebewohl and partners, purchased 31-33 West 8th St. and 208 West 82nd St., totaling $15.95 million. 31-33 West 8th St. consists of 16 apartments and five stores between 5th and 6th Aves. in Greenwich Village. The price was $8.65 million, representing a gross rent multiplier of 12.5% and a cap rate of 5.8%. There is a substantial upside in both the commercial and residential rents. 208 West 82nd St. is a 20-unit elevator apartment building on the Upper Westside located between Amsterdam Ave. and Broadway. It was sold at a price of $7.3 million, which is 15 times the gross rent-roll and equates to a cap rate of 4.6%. Partners Wells Newell and Jim Mann of Reilly Mann Newell were the sole brokers.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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