Brooklyn, NY Tri State Commercial Realty, a commercial real estate advisory and brokerage firm, has closed a 6,500 s/f lease for All My Children Daycare & Nursery School, an early childhood center.
Brokered by Fredy Halabi and Avi Akiva, the space is located at 800 Empire Blvd. in the Crown Heights neighborhood. The asking rent was $35 per s/f.
All My Children Daycare has over a dozen locations in Brooklyn, Manhattan and Queens.
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,