News

Source: New York Times

January 23, 2018

Recent Commercial Real Estate Transactions

$60/SQ. FT.

$170,820 approximate annual rent

594 Broadway (between West Houston and Prince Streets)

Manhattan

A beauty and wellness communications agency has signed a three-year lease for a 2,847-square-foot space on the sixth floor of this 12-story 1897 office building in the SoHo Cast Iron Historic District. The firm received two months of free rent for its build-out. The space, featuring 11-and-a-half-foot-high open ceilings, wood floors and an exposed brick wall, is to also have a new pantry, as well as new air-conditioning, by the time the tenant moves in next month. New York Models Management, a modeling agency, previously occupied the space.

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Tenant: KFD Public Relations

Tenant’s Brokers: Evan Foley and John Moran, Newmark Knight Frank

Landlord: GFP Real Estate

Landlord’s Representative: Donna Vogel, GFP Real Estate