The Kaufman Org. brokers two leases totaling 9,150 s/f
The Kaufman Organization recently brokered two leases totaling 9,150 s/f to Hart Reproduction Services and Supreme Textiles at 242 West 36th St.
* Hart Reproduction Services, a printing and mailing service, signed a ten-year lease for 7,250 s/f. The asking price for the space was $22 per s/f. Michael Heaner and Daniel Kahn of the Kaufman Organization represented the tenant in the transaction, while Grant Greenspan of the Kaufman Organization represented the landlord. Hart Reproduction Services is moving from a 4,000 s/f space at 555 Eighth Ave.
* Supreme Textiles, a fabric manufacturer, signed a five-year lease for 1,900 s/f. The space will be used as an office and showroom. The asking price for the space was $25 per s/f. Howard Rosenblum of the Kaufman Organization represented the tenant in the transaction, while Greenspan represented the landlord. Supreme Textiles was formerly located at 108 West 39th St.
"Both of these companies were in the market for larger office space," said Greenspan, principal of the Kaufman Organization.
"242 West 36th St. offered the perfect spaces for both, allowing them to move in a well-maintained building at an affordable rent," said Greenspan.
242 West 36th St. is a 14-story, 161,000 s/f building located in the Garment District. The building is home to a variety of office tenants including the Creative Costume Co., Atlas Media Corp., MJF Architecture and Skyline Connections, Inc.
The Kaufman Organization, with 100 years experience and 5.2 million s/f of owned or managed space, has long been considered one of the most prominent and well-respected real estate companies in the New York metropolitan area. The company offers a fully integrated spectrum of leasing and management services to diverse owners and tenants and is continually looking to build its portfolio through property acquisitions.
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability