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New-York News

Deals of the Day: April 2


Leases

Insurance broker inks lease at SL Green building

Address: 485 Lexington Ave., Manhattan
Landlord: SL Green
Tenant: RSC Insurance Brokerage
Lease size: 27,964 square feet
Lease length: 10 years
Asset type: Office
Brokers: Avison Young’s Michael Gottlieb represented the tenant. JLL’s Paul Glickman, Diana Biasotti, Ben Bass, Kristen Morgan and Kip Orban represented the landlord.

Corcoran Group relocating Chelsea office

Address: 220 W. 19th St., Manhattan
Landlord: Red Circle NY Corp.
Tenant: The Corcoran Group
Lease size: 9,200 square feet
Lease length: 10 years
Asset type: Office
Brokers: Elliot Dennis and Paul Wexler represented the tenant in-house. Avison Young’s Michael Gottlieb, Martin Cottingham, Patrick Steffens, Joel Wechsler and Alexis Odgers represented the landlord.

Blank Street Coffee opening in Downtown Brooklyn development

Address: 1 Boerum Place, Brooklyn
Landlord: One Boerum Development Partners
Tenant: Blank Street Coffee
Lease size: 1,705 square feet
Asset type: Retail
Brokers: Cushman & Wakefield’s Patrick O’Rourke, Catherine Merck and Sean Moran represented the tenant. Newmark’s Jeremy Ezra, Peter Whitenack and Mai Shachi represented the landlord.

Sales

Developers acquire parcel for mixed-use Urban Village megaproject

Address: 12096 Flatlands Ave., Brooklyn
Seller: Christian Cultural Center
Buyers: Gotham Organization and Monadnock Development 
Sale price: $13.9 million
Asset type: Development site

Financings

Mystery owner of contentious Upper West Side townhouse refinances

Address: 48 W. 69th St, Manhattan 
Owner: Erzuli LLC
Lender: Spice Securities
Loan amount: $39.7 million
Asset type: Residential

Connecticut firm scores loan for JFK hotels

Address: 142-30 135th Ave. and 135-25 142nd St., Queens 
Owner: Soundview Real Estate Partners 
Lender: MSD Partners
Loan amount: $21.8 million
Asset type: Commercial



Eddie Small, C. J. Hughes, Julianne Cuba , 2024-04-02 17:54:25

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