Manhattan, NY GFP Real Estate, LLC said that Skip Protocol, Inc. (Skip), a blockchain infrastructure provider has signed a new three-and-a-half-year lease for 3,886 s/f on the 10th floor of 740 Bdwy. in NoHo.
Robert Silver, Anthony Sciacca, and Brittany Silver of Newmark, and Neith Stone of GFP Real Estate represented the landlord, Lafayette-Astor Associates, LLC. Dennis Someck, Justin Myers, and Rachel Kirkham of Lee & Associates represented the tenant.
The company will use the newly renovated space for its general and executive offices; the space was previously occupied by Smart Window providers Elevecture and View.
740 Bdwy. is a 12-story, 152,000 s/f loft building designed by Francis Kimball.
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,