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New-York News

Deals of the Day: May 16


Leases

Law firm takes space in renovated tower by Grand Central 

Address: 22 Vanderbilt Ave., Manhattan
Landlord: Milstein Properties
Tenant: Kennedys Law 
Lease size: 25,000 square feet
Asset type: Office
Brokers: CBRE’s Paul Amrich, Neil King, Jeffrey Fischer, Sacha Zarba and Meghan Allen, along with site manager Brookfield Properties’ Duncan McCuaig, David Caperna and PJ Massey, represented the landlord. Savills’ Gabe Marans, Perry Kaplan and Maxine Rosen represented the tenant.

Plaza District tower adds fourth-generation clothier

Address: 515 Madison Ave., Manhattan
Landlord: GFP Real Estate
Tenant: Alan David Custom Suits NYC
Lease size: 9,200 square feet
Lease length: 13 years
Asset type: Retail 
Brokers: Martin McGrath represented the landlord in-house along with Newmark’s William Grover. Prime Manhattan Realty’s Jonathan Anapol represented the tenant.

Connecticut-focused landlord takes office space in Midtown

Address: 515 Madison Ave., Manhattan
Landlord: GFP Real Estate
Tenant: Kensico Properties
Lease size: 4,500 square feet
Lease length: Five years
Asset type: Office
Brokers: Martin McGrath represented the landlord in-house along with Newmark’s William Grover. Douglas Elliman’s Corey Shuster and Arthur Maglio represented the tenant.

Financings

Gotham Org. refinances luxury rental building on Lower East Side

Address: 55 Suffolk St., Manhattan
Owner: David Picket
Lender: Wells Fargo
Loan amount: $38.2 million
Asset type: Multifamily



Julianne Cuba, C. J. Hughes, Eddie Small , 2024-05-16 19:11:17

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