News: Brokerage

The Moinian Group leases 18,000 s/f in five West Gramercy Assocs.’ locations

Manhattan, NY The Moinian Group has signed 18,000 s/f of new leases across five properties in the Flatiron district.

Gabriel Whitman, vice president of commercial leasing at The Moinian Group and Gregg Weisser, director of commercial and retail real estate at The Moinian Group, represented the landlord, West Gramercy Associates, LLC.

The new tenants consist of:

Yinova Management Co. signed a 5,000 s/f lease for the acupuncture clinic at 37 West 17th St. Armano Real Estate represented Yinova.

PlayPlay, the leading online video maker for businesses, signed a 5,000 s/f lease at 53 West 21st St. Raise Commercial Real Estate worked alongside The Moinian Group to represent the landlord and Cushman & Wakefield represented PlayPlay.

Tej Beauty Enterprises, Inc. signed a 3,000 s/f lease at 10 West 18th St. for the skincare brand. Integrity SQ represented Tejin.

Kids at Work, the early childhood class and activity purveyor, signed a 2,500 s/f lease at 147 West 24th St. Tristate Commercial represented Kids at Work.

LineLeap, a line services platform, signed a 2,500 s/f lease at 29 West 17th St. Cushman & Wakefield represented LineLeap.

These five properties make up a portion of The Moinian Group’s West Gramercy commercial portfolio, comprised of seven buildings totaling 122,000 s/f and located within the Midtown South office district.

Each property within the portfolio are steps away from major subway lines, a world-class range of dining options, hotels and nightlife. Offer amenities including newly renovated, single tenant full floors, open layouts, private bathrooms, pantries and 24/7 building access.

“Working in tandem with West Gramercy Associates, we’re thrilled to have facilitated leases with a diverse range of tenants as the Midtown South market continues to exhibit a robust leasing velocity,” said Nick Berger, director of commercial leasing at The Moinian Group. “Flatiron’s central location coupled with the access to excellent public transportation continue to create a vibrant neighborhood that attracts a wide variety of great companies.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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,

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