Lease Beat

Winick Leases Three Spaces at 400 Broome Street

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Winick Realty Group has leased three spaces to fill the repositioned retail space at 400 Broome Street, Commercial Observer has learned.

Asking rent for all three spaces was $150 per square foot, and lease terms are 10 years, according to Aaron Fishbein of Winick, who, along with Executive Vice President Darrell Rubens, represented building owner Coral Broome Street LLC in the transactions. Read More

Sales Beat

Student Housing Developer Picks Up Former CUNY Space for $62 M

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Corigin Real Estate Group has closed on its purchase of a seven-story Art Deco building at 535 East 80th Street, formerly occupied by the City University of New York, for $61.75, city records confirm.

The firm purchased the building from the Dormitory Authority of the State of New York, according to the city records.

Corigin Real Estate Group’s history indicates that a development project could be in the works at the property, as the firm has built, renovated and/or repositioned at least five student housing facilities in New York City, all of which are leased to New York University. Read More