News: Brokerage

Schwarz and Ficelman of Lee & Associates NYC handle 5,600 s/f lease at 2 Bank St.

2 Bank Street - New York, NY

New York, NY Brad Schwarz, executive managing director/principal, and James Ficelman, associate, of Lee & Associates NYC have negotiated a ground-floor and lower-level, 5,600 s/f lease at 2 Bank St., between West 4th St. and Greenwich Ave., for Quality Branded. The restaurant group is behind local establishments, such  as Quality Meats, Quality Eats and Quality Italian Steakhouse. They also own Don Angie, Maloney & Porcelli, Smith & Wollensky and Park Avenue.

Brad Schwarz

“We were thrilled to secure such a standout tenant for our client, Sky Management,” said Schwarz, who represented the owner along with his associate, Ficelman. “This prime West Village corner is deserving of such a top-notch restaurant group that is always on trend.”

Surrounding restaurants and retailers include Tartine, Equinox, Aesop, Waverly Inn and Le Labo. 2 Bank St. is located near the A, C, E, L, 1, 2 and 3 trains at 14th St. as well as bus lines.

The tenant was represented by Taryn Brandes of Brand Urban. Asking rent was $200 per s/f and the lease term was 15 years.

MORE FROM Brokerage

United Properties Corp. adds 380,354 s/f of Midwest retail to portfolio - reaching over 10 million s/f

East Meadow, NY United Properties Corp. has completed two significant retail acquisitions totaling $34.3 million across Ohio and Iowa. The portfolio has crossed 10 million s/f, boosted by 380,354 s/f of premier commercial shopping center space acquired in these purchases.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for