StreetEasy Slated to Move Into Bigger Space [Updated]
Lauren Elkies Schram Feb. 28, 2014, noon
Residential listings database StreetEasy is moving to the Flatiron area from Soho, six months after being acquired by Zillow, The Real Deal first reported.
Zillow signed a 13,300-square-foot lease for StreetEasy on the ninth floor of 130 Fifth Avenue at 18th Street. The per-square-foot rent, TRD said, was in the mid $60s. Zillow will be joining Fresh, which is on the 10th and 11th floors and Brown Harris Stevens, which has the entire second floor.
Cresa New York’s Mark Jaccom, Ed Wartels and Justin Halpern represented Zillow in the deal. Newmark Grubb Knight Frank‘s Eric Cagner, David Falk and Kyle Ciminelli marketed the space. Seth Schochet, a vice president of the landlord Olnick Organization, acted as the in-house representative.
StreetEasy set up its offices in a 7,500-square-foot space at 13 Crosby Street less than two years ago. Prior to that it was in a 2,000-square-foot space at 895 Broadway between Union Square and Madison Square Park.
“We have two incredible teams of people and we’re thrilled to merge them under one roof into a joint StreetEasy-Zillow office,” Susan Daimler, general manager for StreetEasy and Zillow New York, said in a statement to TRD.
The 145,000-square-foot building is 100 percent occupied, Newmark Grubb Knight Frank said.
Zillow bought StreetEasy for $50 million in August in a deal that gave Zillow a stronger foothold in the New York market.
Update: This article has been edited to include some broker and building information from Newmark Grubb Knight Frank .