NEW YORK, NY Vanessa Palka and Dr. Richard Hittman of City Connections Realty have represented their client, Mars, for an M&M’s World pop-up location at 434 Broadway. The store opened in early July.
The three-month, pop-up “M&M’s World” store at 434 Broadway is 4,800 s/f and is on the North East Corner of Howard St.
Palka and Hittman were the tenant representatives. Andrew Kahn, Jonathan Scibilia and Jesse Hutcher of Cushman and Wakefield represented the owner, 434 Property Investors c/o Savanna.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,