News:
Brokerage
Posted: September 9, 2025
Zar Property NY signs five
leases at 119 West 57th St.
Manhattan, NY Zar Property NY has completed five lease transactions at 119 West 57th St., a 16-story property on Billionaires’ Row. Zar Property NY acquired the 145,000 s/f building in late 2024 for $27 million and has since undertaken a comprehensive renovation.
Transactions included:
• IF MANAGEMENT — Seven-year lease for 2,350 s/f on the 15th floor. Tenant represented by Cooper Weisman, Newmark.
• CALEX — Seven-year lease for 2,880 s/f on the 11th floor. Tenant represented by Ben Blumenthal, Noah & Co.
• ATM Associates — 10-year lease for 4,140 s/f on the 4th floor. Tenant represented by David Lolai, LSL Advisors.
• Thara Thai Spa — Five-year lease on the 5th floor. Tenant represented by Steven and Nina Sunderland, Optimal Spaces.
• Zornberg MD PC — Four-year lease extension on the 8th floor. No broker involved.
“We’re seeing strong, sustained interest from both office and medical tenants at our latest Manhattan project,” said David Zar, principal of Zar Property NY. “The growing demand for multi-tenanted suites has set us apart from other class B properties in the area, allowing us to deliver fully turn-key spaces in a modernized Midtown loft environment. Our spaces remain highly competitive, and we look forward to welcoming more tenants seeking medical and creative offices in this dynamic neighborhood.”
All leasing, management, and construction are handled in-house by Zar Property NY.
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