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Lash Loft opens new salon

High-end eyelash extension salon, The Lash Loft, will open its second Manhattan location in Midtown. Dorel Melloul and Marc Sitt of Kassin Sabbagh Realty brokered them a new 10-year lease for 1,450 s/f on the second floor at 40 East 58th Street.

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Kassin Sabbagh Realty completes six apartment building portfolio sale in Ohio - $35 million

Southwest, OH Kassin Sabbagh Realty, LLC through its Ohio brokerage affiliate, Windsor International Realty, has completed the sale of a portfolio of six apartment communities of over 700 units in the Southwest, Ohio area for $35 million.

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Who's News - Real Estate Weekly

Kassin Sabbagh Realty (KSR) announced that Ronnie Shaban has joined the company as a managing director. The veteran dealmaker will be focusing in acquisition and dispositions of investment real estate and retail and office leasing in the NYC metropolitan area.

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SALE: 1665 JEROME AVENUE

John Joseph Rivera of KSR broker the sale of 1665 Jerome Avenue for $3,000,000.

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Here’s what the $10M-$30M NYC investment sales market looked like last week

Avery Hall Investments picked up a Gowanus development site for $15 million, according to Kassin Sabbagh Realty, whose Isaac Shabot and David Marciano brokered the deal. The site contains a 19,000-square-foot auto body shop located at 272 4th Avenue on Carroll Street. The city is planning to rezone Gowanus, a move that could allow the site to yield up to 90,000 buildable square feet, according to Kassin Sabbagh, Avery Hall also is planning a 200,000-square-foot rental development at 204 Fourth Avenue, a plan that also hinges on the council’s rezoning.

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LEASE: 301 West 145th Street

Solomon Sharaby & Sholom Kanevsky of KSR broker the lease of 301 West 145th Street for $40/SF - 10,600 SF.

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SALE: 272 4TH AVENUE

David Marciano & Isaac Shabot of KSR broker the sale of 272 4th Avenue for $15,000,000.

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Pollan of Kassin Sabbagh Realty handles sale of Queens development site – $6 million

Queens, NY Kassin Sabbagh Realty, LLC has completed the sale of a 216,000 s/f as of right development site in the downtown area of the Far Rockaway neighborhood. Radson Development purchased the site at 19-38 Cornaga Ave. and 10-18 Beach 20th St. for $6 million.

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SALE: 19-38 CORNAGA AVE, 10-18 BEACH 20TH ST

Steven Pollan of KSR broker the sale of 19-38 Cornaga Ave, 10-18 Beach 20th St for $6,000,000.

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Kushner buys Soho retail

Kassin Sabbagh Realty announced the sale of a retail condo at 285 Lafayette Street in Soho for $39.75 million. Ralph Tawil and Ben Ashkenazi sold the condo — which they bought for $36.25 million in 2015 — to Kushner Companies. Isaac Setton, Bunny Escava and Ally Dayon of KSA represented the sellers.

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This Week's N.Y. Deal Sheet - TOP SALES

Kushner Cos. paid $39.8M for a retail condo at 285 Lafayette St., according to the brokerage on the deal, Kassin Sabbagh Realty. The building spans 31K SF, and the price per SF works out to be $1,282. The sellers were Ralph Tawil’s Centurion Realty and Ashkenazy Acquisition Corp. The brokers on the deal were Isaac Setton, Bunny Escava and Ally Dayon of Kassin Sabbagh Realty. Read more at: https://www.bisnow.com/new-york/news/deal-sheet/this-weeks-ny-deal-sheet-99383?utm_source=CopyShare&utm_medium=Browser

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French group buys historic East Village office building

A team from Kassin Sabbagh Realty led by Bunny Escava, vice president, along with Jeff Znaty and Ally Dayon, brokered the sale of 137 Second Avenue by a JV that includes investor Joel Schreiber, Jenny Haim and Josh Smith.

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Kushner Cos. pays $39M for Soho retail condo, continuing buying spree

Kushner Companies has acquired a Soho retail condominium, continuing a buying spree that includes a major residential portfolio last month.

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Kushner Companies purchases $39M retail condo in Soho

Bunny Escava, Ally Dayon and Isaac Setton of Kassin Sabbagh Realty marketed the offering, and they didn’t have to look far to find a buyer.

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Top 10 NYC retail leases in May 2019

Oiji, 11 West 19th Street, Flatiron – 7,423 square feet & Dim Sum Palace Group, 28 West 56th Street, Plaza District – 6,000 square feet

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Storage Deluxe buys Bushwick site

Storage Deluxe, a Manhattan-based owner and developer, has acquired 74 Bogart Street in Bushwick, Brooklyn, for $45.5 million. The 80,000 s/f vacant warehouse will be redeveloped into a 200,000 s/f multi-story storage facility containing 4,000 rentable units.

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Storage Deluxe to bring new 220K sf facility to East Williamsburg

Storage Deluxe has purchased an East Williamsburg development site for $45.5 million, where it plans to build a facility spanning about 220,000 square feet. A Kassin Sabbagh Realty team of Dan Myers, Steven Pollan, and Rachael Brook brokered the deal.

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Former Naftali exec Victor Sigoura plans 19-story condo at UES assemblage

Kassin Sabbagh Realty’s Ceasar Salama and Joseph Ash brokered the sales of 113, 115 and 117 East 79th Street. Salama declined to comment on the status of the deals with the other two parcels.

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CIM Group acquires resi portion of UES luxury rental for $200M

CIM Group has picked up a luxury rental tower on the Upper East Side. Well, most of it at least. The Los Angeles-based investment firm paid $200 million for the residential portion of the property at 165 East 66th Street at the corner of Third Avenue, according to city property records filed Friday.

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RECENT SALE: 799 LEXINGTON AVENUE (between East 61st and 62nd Streets)

A 5,700-square-foot walk-up, center, in the Lenox Hill neighborhood of Manhattan sold for $7.5 million.

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SALE: 1299 JEROME AVENUE

John Joseph Rivera of KSR and Alexander Galvez of Galvez Properties Realty Corp broker the sale of 1299 Jerome Ave for $5,400,000.

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RECENT LEASE: 1500 Second Avenue (between East 78th and 79th Streets)

Iken Academy, a preschool, has signed a 15½-year lease for a 2,340-square-foot ground-floor space in this 17-story mixed-use Upper East Side co-op building. The residential address for the building, built in 1963, is 301 East 78th Street. The academy, which is moving from 351 East 74th Street, will open at its new location in September and received a six-month rent concession for its build-out. Each year, the rent is to go up 3 percent. The previous tenant was Bond NY Realty.

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SALE: 799 Lexington Avenue

Isaac Setton & Bunny Escava from KSR broker the sale of 799 Lexington Ave for $7,500,000.

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PNC lends art storage company $57M for Bushwick buy

PNC Bank is helping Steven Guttman’s fine art storage company with its acquisition and renovation of a Brooklyn warehouse.

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Pollan and Myers of Kassin Sabbagh Realty broker $47 million sale on behalf of UOVO

According to Kassin Sabbagh Realty, LLC, (KSR) UOVO, a provider of art, fashion and collections storage and services, has closed on the off-market sale of 105 Evergreen Ave. Totaling 150,000 s/f, the building is on a 77,000 s/f parcel in the Bushwick neighborhood.

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Mays of The Durst Org. brokers 2,862 s/f; Kassin Sabbagh and NKF assist

Dill & Parsley was represented by vice president of retail leasing Marc Sitt and vice president Albert Manopla of Kassin Sabbagh Realty.Dig Inn was represented by director Michael Cohen and managing director Neal Ohm of RKF. The Durst Org. was represented in-house by managing director Ashley Mays.

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Art storage company closes on Bushwick site for $47M

Steven Guttman’s Uovo has purchased 105 Evergreen Avenue

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Top Manhattan Retail Brokerages in NYC

The top Manhattan retail brokerages cranked out more deals, despite seeing their square footage totals drop, while Brooklyn firms rallied.

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Lexington Ave retail condo sells off market for $6.2M

The one-time home of Crumbs Bake Shop on the Upper East Side has been sold in an off-market transaction. Currently home to a chocolate shop and a dry cleaner, the 5,000 s/f space at 1410-1418 Lexington Avenue traded hands for $6.2 million. JBL Associates, which developed the site in the 1990s, sold the ground-floor retail condo to the Zar Group. Bunny Escava and Jeffrey Znaty or Kassin Sabbagh Realty brokered the sale.

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Shaken, not stirred: Midtown hotel to feature James Bond-themed rooftop bar

A rooftop bar coming to a new Midtown hotel should offer its patrons plenty of martinis—shaken, not stirred. Interior of 310 West 40th Street The bar from YJR Group at Abraham Noy’s 297-key Aliz Hotel on 310 West 40th Street will be 1960s-era James Bond themed, according to broker Yoni Hadar. It has signed a 10-year lease for 4,200 square feet and $27,500 per month at the location. Hadar and his colleague Albert Manopla, both of Kassin Sabbagh Realty, brokered the deal. The bar is expected to open in early January to hotel guests and members of the public. The hotel was designed by Fischer Makooi Architects and spans about 90,000 square feet.

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Victor Sigoura stitches together UES assemblage for ground-up condo project

Victor Sigoura’s Legion Investment Group has put together an assemblage on the Upper East Side for a ground-up residential condominium project, The Real Deal has learned. Sigoura’s firm paid more than $62 million total for the sites, in three separate transactions that give the developer about 72,000 buildable square feet. One of its investors on the project is Gindi Capital, the investment arm of the Gindi family.

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The top 10 NYC retail leases in July

FitHouse, 20 West 14th Street, Greenwich Village – 6,800 square feet The gym inked a 10-year lease for 6,800 square feet at 20 West 14th Street. Cushman & Wakefield represented the tenant, while Solomon Sharaby and Albert Manopla of Kassin Sabbagh Realty represented the landlord, Alan Jemal.

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Philly Pretzel Factory to Open Two Manhattan Outposts

Gotham Foods, a franchisee of the Philadelphia-based chain, recently inked 10-year deals for 3,270 square feet in a former hair braiding shop at 4-14 West 125th Street and 300 square feet at Aion Partners’ 86 Chambers Street, according to Dan Myers, a managing director at Kassin Sabbagh Realty. Myers represented the tenant in both deals as well as the landlord, The Renatus Group, in Harlem.

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Mexican Restaurant Oxido Opening Times Square Outpost

Oxido inked a deal last week for 1,300 square feet on the ground floor at Zar Group’s 1450 Broadway between West 40th and West 41st Streets, according to Dan Myers, a managing director at Kassin Sabbagh Realty, who represented Oxido in the deal. Asking rent for the space was $350 per square foot.

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Maui Onion Poke Bar Opening Second NYC Location

Maui Onion Poke Bar plans to open its second location in the city with a new outpost in the Garment District, Commercial Observer has learned. The poké eatery inked a deal to open a 1,000-square-foot spot on the ground floor of Empire State Realty Trust‘s 501 Seventh Avenue between West 37th and West 38th Streets, a spokeswoman for ESRT said.

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Empire State Realty Trust Adds Popular Retail Amenities in Times Square South Neighborhood

Empire State Realty Trust, Inc. (NYSE: ESRT) has signed long-term leases with Maui Onion Poke Bar at 501 Seventh Avenue and Made Man Barbershop at 1400 Broadway. Maui Onion delivers authentic Hawaiian dishes crafted with fresh ingredients to customers on-the-go. Made Man Barbershop, the trendy men's hairstylist recently featured in GQ, Vanity Fair, New York Times, and Men's Health, blends the classic comforts of the past with the contemporary hairstyling of today.

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Made Man Barbershop Bringing Cuts to Garment District

Made Man Barbershop—which Time Out has called one of the best salons for men’s haircuts—has inked a deal to open a new location in the Garment District, its first outside of Chelsea, Commercial Observer has learned. The antique-filled barbershop signed a 10-year lease for a 1,131-square-foot space on the ground floor of Empire State Realty Trust’s 1400 Broadway between West 38th and West 39th Streets, according to a spokeswoman for ESRT. The asking rent, as per the spokeswoman, was $130 per square foot. The shop is slated to open in September.

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Boutique Fitness Concept FitHouse Opening Union Square, Noho Locations

Fitness concept FitHouse is opening two new locations in Manhattan after launching its first one three months ago, Commercial Observer has learned. The boutique workout chain has signed a 6,800-square-foot deal at 20 West 14th Street, according to information provided by the tenant’s broker, Cushman & Wakefield. FitHouse will occupy the entire ground floor of the building, which is located between Fifth Avenue and Avenue of the Americas in the Union Square area. The asking rent in the deal was $200 per square foot, according to a C&W spokeswoman. The deal is for 10 years, according to Albert Manopla of Kassin Sabbagh Realty, who represented landlord Jem Realty Management.

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Celebrity photographer’s Soho penthouse headed for bankruptcy auction

A Soho penthouse owned by celebrity photographer Ken Nahoum is heading for bankruptcy auction. The four-bedroom, 7,000-square-foot condominium at 95 Greene Street was initially listed for sale with a $20 million price tag in October through Luxury Property Group’s Joseph Ash and Douglas Elliman’s Ariel Cohen, Ash told The Real Deal. Matthew Bordwin of Keen-Summit Capital Partners is handling the auction.

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The 10 biggest retail leases of November

Dollar Zone, 600 East 138th Street, North New York – 18,000 square feet The deep-discount retailer signed a lease for 18,000 square feet at 600 East 138th Street. Avi Akiva and Solomon Sharaby of Kassin Sabbagh Realty represented the tenant...

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The 10 biggest retail leases of September

Muses 35 Bar, 248 West 35th Street, Midtown South – 8,000 square feet The karaoke bar signed a lease for 8,000 square feet of retail space at 248 West 35th Street. Richard Smith of Winick Realty Group represented the tenant. Albert Manopla of Kassin Sabbagh Realty represented the landlord, 248 West 35th Street LLC.

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Carl’s Jr. to open first Manhattan restaurant across from Penn Station

“They wanted to make a big splash in New York and this is the way to do it,” said Albert Manopla of Kassin Sabbagh Realty, who represented the tenant along with KSR’s Avi Akkiva. “Seventh Avenue and 34th Street is one of the most heavily trafficked intersections in New York City...."

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Two Dayton CVS locations sold for $6.5 million

Two local CVS Pharmacy locations have each been sold for $3.25 million. Montgomery County property records show CVS stores at 1410 E. Dorothy Lane and 2801 Far Hills Avenue were sold Dec. 21. The Dorothy Lane location was sold to 1410 E Dorothy Owner LLC, and the Far Hills location was sold to 2801 Far Hills Owner LLC. Both limited liability companies have a mailing address in New York City. The address is affiliated with Kassin Sabbagh Realty, a real estate firm that is "actively engaged in real estate acquisition, financing, property management, development, and construction management," according to its website. The deals continue a string of investors gobbling up Dayton-area retail properties. This has been seen at local retail centers, as well as individual properties, showing the returns on Dayton investments are promising. Both properties were last sold in 2000. The 12,108-square-foot Far Hills location was built the same year, and the 10,318-square-foot Dorothy Lane location was built in 1999. There are 25 CVS Pharmacy locations in the greater Dayton area. Nationwide, the company has more than 9,600 stores.

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Nightingale picks up Chinatown retail condo for $24M

Nightingale Properties acquired a retail condominium in Chinatown for $23.6 million, sources told The Real Deal. The 7,000-square-foot condo occupies the ground floor and lower levels of a six-story, 48,200-square-foot building at 208 Canal Street. A branch of East West Bank is the sole tenant in the space, and the seller is Dean Fong and…

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UK firm splashes out $45.5M on site in Greenpoint

A London-based private equity firm paid $45.5 million for a 179,000 square-foot development site to just to the south of the Greenpoint Landing site in northern Brooklyn — and has plans to build even bigger. Quadrum Global purchased the property at 161 West Street from a group of owners led by Brooklyn-based investor Miriam Chan,…

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GFI Realty Arranges Sale of East Harlem Apartment Building

NEW YORK CITY — GFI Realty Services has brokered the sale of 1 East 124th Street, a five-story walk-up apartment building located in the East Harlem section of Manhattan. Built in 1910, the 10-unit property sold for $2.15 million or $215,000 per unit. Roni Abudi of GFI represented the seller, while Ohad Bado, also GFI,…

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1 New York Plaza Adds to Its Lunchtime Repertoire

A fast-growing Middle Eastern food chain is heading Downtown among a cluster of other chains aimed at the lunchtime crowd, Commercial Observer has learned. Naya Express inked a 10-year deal earlier this week for a 1,620-square-foot site at the redeveloped 1 New York Plaza, according to brokers in the lease agreement. Its neighbors include Chipotle…

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Gregorys Coffee Inks Lease for First Brooklyn Spot

Gregorys Coffee, the bustling artisanal java shop with a dozen locations in Manhattan, has inked a 15-year deal for a lobby spot at 16 Court Street—its first Brooklyn location, Commercial Observer has learned. The lease is for roughly 1,000 square feet in the lobby of the building, which is currently undergoing redevelopment, said tenant representative…

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Smoothie Company Inks Deal for New Store Near NYU

An expanding smoothie joint is heading downtown with a new store within walking distance from New York University, Commercial Observer has learned. Pure Green, a health food restaurant that sells smoothies, juices and bowls of açaí, has inked a 10-year deal for 1,000 square feet at 60 East Eighth Street between Broadway and Mercer Street,…

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Brokerage Subleases from Berkshire Hathaway Subsidiary in Midtown Move

Commercial Observer has learned that Kassin Sabbagh Realty has taken about 8,000 square feet of subleased space at 1385 Broadway between West 37th and West 38th Streets. They’ll be moving into part of the offices used by the Richline Group, a subsidiary of Warren Buffet’s Berkshire Hathaway in the five-year deal.

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Manhattan’s first medical pot dispensary will be on 14th Street

Medical marijuana is taking root in Manhattan. The first cannabis dispensary will be on East 14th Street between Second and Third avenues in the base of a residential building near Stuyvesant Town Michael Dubin of Savitt Partners represented the pharmaceutical pot grower in the dispensary deal, along with colleague Hector Rodriguez. Abraham Dwek of Kassin…

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East Village medical marijuana dispensary lease details emerge

New York’s medical marijuana industry has cleared all legal hurdles and dispensaries are officially setting up shop. Details emerged on a lease signed by Columbia Care NY, one of five permitted growers in the state. The company will occupy 3,500 square feet on the ground floor and basement of the residential building at 212 East…

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New Crossfit Company Bringing Fitness Studio to 93 Worth

A new fitness studio, Infinite Cross-training Experience, referred to as I.C.E. NYC, is opening its first-ever studio at 93 Worth Street in Tribeca, Commercial Observer has learned. The cross-training company signed a 10-year deal for 250 feet at street level, for cold-pressed juices and healthy food, and 4,150 square feet below-grade for the fitness studio, according…

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Caffé Bene Targets Starbucks Crowd With Opening Near Brooklyn College

Caffe Bené is college-bound in Brooklyn. Commercial Observer has learned that the South Korean coffee shop is opening a new location in the first week of September at 150 Campus Road—across the street from Brooklyn College. Caffé Bene will be in 4,200 square feet, split evenly between the ground floor and the basement, according to Kassin Sabbagh Realty, which represented…https://commercialobserver.com/2015/08/caffe-bene-targets-starbucks-crowd-with-opening-near-brooklyn-college/

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Manopla and Sabbagh of Kassin Sabbagh Realty represent I.C.E. NYC in 4,400 s/f lease at 93 Worth Street

New York, NY According to IGI-USA, a New York-based development company, a new group fitness studio, Infinite Cross-training Experience (I.C.E. NYC) has leased both basement and street-level retail space at 93 Worth St. (totaling 4,400 s/f), providing a new specialized workout space for the neighborhood. Albert Manopla and Morris Sabbagh of Kassin Sabbagh Realty represented I.C.E. NYC while Michael…

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Caffé Bene Sets Its Sights on Greenwich Village Site

Caffé Bene continues its push to grab a following amongst New York City’s java junkies. Commercial Observer has learned that the South Korean coffee house has inked a 1,175-square-foot deal for a two-level retail space at 33 Barrow Street in Greenwich Village. Caffé Bene, which also sells waffles, macaroons and other baked goods, will be in…

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Printing Shop Heads West to Garment District, Doubles Space in Move

Take for instance ABC Imaging, which inked a 15-year deal for ground-floor retail space at 336 West 37th Street between Eighth and Ninth Avenues, according to the tenant’s brokers. The printing shop will be in 9,000 square feet at the base of the 150,000-square-foot building, per the brokers. Asking rent in the deal was $66 per square foot.…

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Celeb Chef David Chang’s Food Delivery Company Opening Fourth Kitchen

Less than a year after launching, celebrity chef David Chang’s food delivery app is already opening its fourth location. Maple, which prepares and delivers top chef-curated meals that can be ordered online, has inked a 4,200-square-foot deal at 196 Stanton Street. The company, which officially started cooking in April, signed a 10-year lease for a commissary kitchen…

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Chelsea Skin Game Heats Up as Cosmetics Company Signs Lease

Epidermis Cosmetics, which sells beauty and skincare products made from Dead Sea minerals, is taking 1,200 square feet at 743 Avenue of the Americas between West 24th and West 25th Streets, according to brokers on both sides of the deal. The lease is for 10 years, and asking rent in the deal was $18,000 per…

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Department Store XNY Opening 8K-SF Bronx Store

A department store has signed a lease for a new location in the Soundview section of the Bronx, Commercial Observer has learned. XNY Stores, which sells items like clothing, furniture and home appliances, inked an 8,000-square-foot deal of ground-floor space at 1636 Westchester Avenue between Harrod and Morrison Avenues, according to Albert Manopla of Kassin…

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Blue Dog Kitchen Opening New Spot on West 43rd Street

Blue Dog Kitchen has inked a deal to open a new café near Bryant Park, marking its fifth Manhattan location, Commercial Observer has learned. The eatery will open in 1,700 square feet at 37 West 43rd Street between Avenue of the Americas and Fifth Avenue, according to a source familiar with the deal. The café,…

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Vivi Bubble Tea Opening in Brooklyn Heights This Summer

A Taiwanese-style bubble tea store has signed a deal for a new location at 111-115 Court Street in Brooklyn Heights, brokers in the deal told Commercial Observer. Last week, Vivi Bubble Tea inked a 1,000 square foot lease at the building between State and Schermerhorn Streets, according to brokers with Kassin Sabbagh Realty, which represented…

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NYC-Based Cuban Restaurant Sophie’s Opening New Midtown Location

Sophie’s Cuban Cuisine is coming to Avenue of the Americas. Jordan Raphan of Kassin Sabbagh Realtyrepresented the New York City-based eatery, while colleague Albert Manopla represented landlord Helm Management. Raphan said in an email that “lunch is king” on this stretch of Avenue of the Americas, citing the Chick-fil-A at 1000 Avenue of the Americas at…

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Gym Home to ‘Fittest Woman on Earth’ Opening Second NYC Location

A crossfit gym whose director of programing is the “fittest woman on Earth” has inked a deal to open its second location, Commercial Observer has learned. ICE NYC has signed a 7,000-square-foot deal at 330 East 59th Street between First and Second Avenues, according to brokers in the deal. The fitness center will occupy 3,500…

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‘Top Chef’ Vet Lee Anne Wong Inks Second Poké Spot in Midtown

The poké trend is upon New York City, and we’re not just talking about Pokémon Go, but the restaurants serving raw fish and vegetable over rice, which have been popping up all over the place. One of those is Sweetcatch Poké Bar—a Hawaiian-style eatery curated by chefsDeuki Hong and Lee Anne Wong (a former Top…

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NYC’s great retail divide

It’s a tough time to be a retail broker in Manhattan — especially for those at smaller shops. As the borough’s leasing market continues to slow after its red-hot streak in 2015, fewer deals are being signed. And many of the big leases that make headlines are taking longer to close and are often clocking…

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Chelsea Vacant Mixed-Use Building Trades Hands for $8.3M

Investor Gary Vinbaytel has closed on the $8.3 million purchase of a mixed-use building in Chelsea from The Jemstone Group, Commercial Observer has learned. The sale of the 5,148-square-foot property at 192 Eighth Avenue between West 19th and West 20th Streets closed on Dec. 19, according to the seller’s broker Marcus & Millichap. The property…

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Albert Manopla named 2016 CoStar Power Broker

Albert Manopla has been named a 2016 CoStar Power Broker TM by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. This annual industry award recognizes distinguished professionals in commercial real estate brokerage by highlighting the achievements of the firms and individual brokers who closed the highest…

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Recent Commercial Real Estate Transactions

RECENT LEASE $96/SQ. FT. $240,000 approximate annual rent 112 East 23rd Street (between Park Avenue South and Lexington Avenue) Manhattan Blue Dog Cafe has signed a two-year lease, with an option for an eight-year extension, for a 2,500-square-foot ground floor space in this five-story commercial building, built around 1900 in Gramercy Park. The space, to…

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Dollar Store Moves Across Street on Fordham Road in the Bronx

Dollar store chain 99 Cent Deals has inked a lease for 10,000 square feet at 66 West Fordham Road between University and Grand Avenues in the University Heights section of the Bronx. The store signed a 10-year deal with owner Grand Ford Associates for the basement and first floor of the single-story, 1920s retail building,…

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Owner of 16-Unit Hell’s Kitchen Rental for Four Decades Sells For $12M

Hubb NYC Properties, a Midtown-based real estate investment firm, has purchased a 16-unit rental apartment building at 714 Ninth Avenue for $12.1 million from Waltjoyvan LLC, which has owned it since Gerald Ford was president, Commercial Observer has learned. Waltjoyvan LLC is company owned by private investors Walter and JoyceSteckman, to CoStar Group. Waltjoyvan has…

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Manhattan Office Asset Lands $200M Recap

Silverstein Properties has acquired a majority interest of 619 West 54th St.. The company partnered with Taconic, which purchased the Hell’s Kitchen asset five years ago. Taconic Investment Partners and Silverstein Properties recently announced the closing of a $200 million recapitalization of 619 West 54th St., a 330,000-square-foot Art Deco commercial building located in Manhattan’s…

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SL Development picks up Williamsburg warehouse for $23M

SL Development bought the former umbrella factory at 722 Metropolitan Avenue in Williamsburg for $23 million, where it plans to convert the building into 69 condominiums. The Midtown South-based firm headed by principals Ray Steffen and Page Leidy bought the building from longtime owner Barnett Brickner. The site comes with about 70,000 square feet of development…

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