Asian Community Healthcare Service Inks Deal for First Queens Location
Apicha Healthcare has grabbed 15,000 square feet at 82-11 37th Avenue in Jackson Heights, Queens.
The firm will occupy the lower level and fourth and fifth floors of the nine-story building between 82nd and 83rd Streets, according to David Lebenstein of Cushman & Wakefield (CWK). Asking rent in the 15-year deal was $40 per square foot for the lower level and $60 per square foot for the other floors.
Lebenstein represented the tenant with colleague Richard Michaels (who left C&W a year and a half ago to work independently), while Dennis Gandley, Santa Cataldo and Michael Murphy of Douglas Elliman represented the estate of the landlord, Carlo Cinganelli. Cinganelli died in 2012.
“There were a lot of moving parts with respect to this transaction; it was a true team effort that brought this to fruition,” Murphy said in an emailed statement.
The 27-year-old organization provides healthcare services to Asian and Pacific Islanders, the L.G.B.T. community and those affected by AIDS in New York City. The new location is bigger than its current one at 400 Broadway between Walker and Canal Streets, where it will continue to operate. With additional space, Apicha can cater to a wider Asian population, Lebenstein said.
Apicha is taking space previously occupied by Mount Sinai Multispecialty Physicians, which relocated a block away to 37-22 82nd Street, according to Lebenstein. It will be moving into its new space in March 2017, according to a spokesman with C&W.
“It was a very challenging deal and we spent three years trying to find something,” Lebenstein told Commercial Observer. “These are residential neighborhoods with not a lot of space available. We had to walk up and down the streets; it was an old fashioned shoe-leather process.”
The New York Post first reported news of the deal.