News: Brokerage

Schwarz, Steinberg, Shultz and Burlant of Lee NYC chosen to market 10,000 s/f of retail space

781 Metropolitan Avenue - Brooklyn, NY 781 Metropolitan Avenue - Brooklyn, NY
Brooklyn, NY Lee & Associates NYC LLC (Lee NYC) has been awarded the exclusive agency for a 10,000 s/f retail space in a development under construction at 781 Metropolitan Ave., on the corner of Humboldt St. in Williamsburg. Spearheading the leasing are Lee NYC’s Brad Schwarz, senior managing director/principal; Garry Steinberg, managing director/principal;Jaime Schultz, director; and Matt Burlant, retail asssociate. “This is a rare opportunity for a large footprint in this part of Williamsburg because the majority of the stores range from 400 to 1,500 s/f,” said Schultz. “In addition to being a great location, the building’s 81 apartments could easily translate into an instant customer base.” The development at 781 Metropolitan Ave. is being built by one of the city’s most prolific developers, Adam America Real Estate, and designed by Isaac & Stern Architects. The ground level retail space is close to the Graham Avenue subway stop on the L train and will feature over 100 feet of frontage along bustling Metropolitan Avenue and Humboldt St. Among the surrounding retail businesses are Brooklyn Canvas & Linens, Artists Crafts Store, Sunset Gift Shop, Brooklyn Seoul and The Bagel Store. Schwarz said, “The immediate area is a well-established family neighborhood with several new developments. The current retail is focused on local businesses, so the timing is perfect for national and regional brands, as well as local retailers, to enter a robust market that is quickly transitioning.” Anticipated date of completion for the project is anticipated for December 2016.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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.