New York

Lesser Evil Signs 303,100 SF Industrial Lease in Brewster, New York

by Taylor Williams February 7, 2025

BREWSTER, N.Y. — Lesser Evil, a Connecticut-based provider of healthy snacks, has signed a 303,100-square-foot industrial lease in Brewster, about 60 miles northeast of New York City. The space is located within Lincoln Logistics 84×684 Crossings, a 921,000-square-foot development that features a clear height of 40 feet, 56 dock doors and parking for 252 cars and 19 trailers. Adam Petrillo, Art Ross, Bradley Soules and Jack Chatwin of Newmark represented the landlord, Lincoln Equities Group, in the lease negotiations.

February 7, 2025

Hospitality Loans New York Northeast

Cronheim Mortgage Arranges $25M Refinancing of Two Long Island Hotels

by Taylor Williams February 7, 2025

GREENPORT, N.Y. — New Jersey-based intermediary Cronheim Mortgage has arranged the $25 million refinancing of two Long Island hotels. The Sound View Hotel and Harbor Front Inn are both boutique waterfront properties that are located in the North Fork community of Greenport. Both hotels offer a variety of accommodations, and Sound View also houses food-and-beverage establishments. The sponsor is Eagle Point Hotel Partners. The direct lender was not disclosed.

February 7, 2025

Acquisitions Industrial New York Northeast

Corniche Capital Buys 189,631 SF Industrial Property on Long Island

by Taylor Williams February 6, 2025

CALVERTON, N.Y. — Corniche Capital, a New York-based real estate investment and private equity firm, has purchased a 189,631-square-foot industrial property in the Long Island hamlet of Calverton. The sales price was $15.2 million. The site at 901-931 Burman Blvd. spans 20 acres and can support future expansion, and the building features a clear height of 48 feet, oversized drive-in doors and ample outdoor storage space. JLL represented the seller, KABR Group, in the transaction.

February 6, 2025

Leasing Activity New York Northeast Office

Long Island Board of Realtors Signs 24,585 SF Office Lease in Melville, New York

by Taylor Williams February 6, 2025

MELVILLE, N.Y. — The Long Island Board of Realtors has signed a 24,585-square-foot office lease in Melville, about 25 miles east of Queens. The lease term is 15 years. The space is located on the third floor of the building at 1305 Walt Whitman Road, which according to LoopNet Inc. was originally built in 1955 and totals 165,310 square feet. Harvey Kolin of Corporate Commercial Realty LLC represented the tenant in the lease negotiations. Tim Parlante and Andrew Wiener internally represented the landlord, The Feil Organization.

February 6, 2025

Acquisitions Industrial New York Northeast Self-Storage

Marcus & Millichap Brokers Sale of 373-Unit Self-Storage Facility in New Windsor, New York

by Taylor Williams February 5, 2025

NEW WINDSOR, N.Y. — Marcus & Millichap has brokered the sale of Lock Around The Clock, a 373-unit self-storage facility in New Windsor, about 50 miles north of New York City. The facility was built on a 3.3-acre site in 2012 and totals 32,725 net rentable square feet across 126 climate-controlled units, 213 non-climate-controlled units, 31 outdoor parking spaces, two apartments and one garage. Luke Dawley, Gabriel Coe, Nathan Coe and Brett Hatcher of Marcus & Millichap represented the seller, Sloop Hill Associates LLC, in the transaction. The buyer and sales price were not disclosed. John Horowitz of Marcus & Millichap assisted in closing the deal as the broker of record.

February 5, 2025

Leasing Activity New York Northeast Office

Law Firm Signs 19,000 SF Office Lease at 1345 Avenue of the Americas in Midtown Manhattan

by Taylor Williams February 5, 2025

NEW YORK CITY — Law firm Ellenoff Grossman & Schole LLP has signed a 19,000-square-foot office lease at 1345 Avenue of the Americas in Midtown Manhattan. The space spans the entire 11th and part of the 10th floors, and the lease term is 11 years. Tim Gibson, Bill Levitsky and John Cilmi Jr. of Newmark represented the tenant in the lease negotiations. Howard Fiddle, Peter Turchin, Gregg Rothkin, Ben Joseph, Bill Iacovelli and Charles Laginestra of CBRE, along with internal agents Marc Packman and Clark Briffel, represented the landlord, Fisher Brothers.

February 5, 2025

Leasing Activity New York Northeast Office

JLL Negotiates 14,198 SF Office Lease Expansion at 101 Park Avenue in Midtown Manhattan

by Taylor Williams February 5, 2025

NEW YORK CITY — JLL has negotiated a 14,198-square-foot office lease expansion at 101 Park Avenue in Midtown Manhattan. The tenant, Pennsylvania-based Incline Equity Partners, is taking additional space on the 47th floor and now occupies 32,198 square feet within the 49-story, 1.3 million-square-foot building. Alexander Chudnoff, Nick Francic, Harrison Potter and Kate Roush of JLL represented the tenant in the lease negotiations. John Cefaly and Nicholas Dysenchuk of Cushman & Wakefield represented the landlord, H.J. Kalikow & Co.

February 5, 2025

Affordable Housing Development Multifamily New York Northeast

Douglaston Development Breaks Ground on 277-Unit Bronx Affordable Housing Project

by Taylor Williams February 4, 2025

NEW YORK CITY — Douglaston Development has broken ground on a 277-unit affordable housing project that will be located in the Bedford Park neighborhood of the Bronx. The building at 2868 Webster Ave. will rise 12 stories and is backed by $190 million in financing from a variety of sources. Units will come in studio, one-, two- and three-bedroom floor plans and will be reserved for households earning up to 70 percent of the area median income. Sixty units will be set aside as supportive housing. The project represents the second phase of a two-phase development that also includes a 188-unit seniors housing complex that opened in fall 2023. Levine Builders, the general contracting affiliate of Douglaston Development, will construct the community. Construction is expected to be complete in 2027.

February 4, 2025

Leasing Activity New York Northeast Office

Canyon Partners Signs 22,000 SF Office Lease in Midtown Manhattan

by Taylor Williams February 4, 2025

NEW YORK CITY — Global alternative investment manager Canyon Partners has signed a 22,000-square-foot office lease at 1345 Avenue of the Americas in Midtown Manhattan. The space is located on the 28th floor, and the lease term is 11 years. Cynthia Wasserberger and Michael Pallas of JLL represented the tenant in the lease negotiations. Howard Fiddle, Peter Turchin, Gregg Rothkin, Ben Joseph, Bill Iacovelli and Charles Laginestra of CBRE, along with internal agents Marc Packman and Clark Briffel, represented the landlord, Fisher Brothers.

February 4, 2025

Leasing Activity New York Northeast Office

FDIC Signs 147,543 SF Office Lease in Midtown Manhattan

by Taylor Williams February 3, 2025

NEW YORK CITY — The Federal Deposit & Insurance Corp. (FDIC) has signed a 147,543-square-foot office lease in Midtown Manhattan. The FDIC is relocating from the Empire State Building to the 44-story building at 1166 Avenue of the Americas via a 10-year lease for the entire eighth, ninth and 10th floors, as well as part of the seventh floor. Connor Faught and Sheena Gohil of Colliers represented the FDIC in the lease negotiations. Paul Glickman, Diana Biasotti, Cynthia Wasserberger and Christine Colley of JLL, along with internal agents Jeffrey Sussman and Matt Pynn, represented the landlord, Edward J. Minskoff Equities.

February 3, 2025

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