Commercial Real Estate & Advisory

Deal Sheet

May 1, 2010

Address: 170 Varick St
Square-Feet: 12,500
Tenant: Media Storm LLC
Tenant Representative: SIMONE LILLIAN, CHRISTOPHER OWLES, SINVIN REALTY
Landlord: Rector, Church-Wardens and Vestrymen of Trinity Church
Landlord Representative: Jason Pizer, Trinity Real Estate
Notes: The advertising firm signed a 10-year lease on the 10th floor. The reported asking rent was around $33 per square foot.

Address: 62 White St
Square-Feet: 2,500
Tenant: Project 2050
Tenant Representative: ROXANNE BETESH, MICHELLE STONE, SINVIN REALTY
Landlord: Blumberg Properties LLC
Landlord Representative: ROXANNE BETESH, MICHELLE STONE, SINVIN REALTY
Notes: The marketing firm signed a two-year lease with a one-year option on the third floor. The reported asking rent was around $29 per square foot.

Address: 60 Spring St
Square-Feet: 5,000
Tenant: Duane Reade
Representative: Jeff Winick, Winick Realty
Landlord: Parasuco USA Holdings LLC
Landlord Representative: MICHAEL GLANZBERG, CHRISTOPHER JOHNSON, SINVIN REALTY
Notes: The drugstore signed a 16-year lease with a 12-year option for another location. The reported asking rent was $200 per square foot.

Address: 13 West 18th St
Square-Feet: 2,000
Tenant: Uni.K.Wax
Representative: Josh Gunsberger, JG Realty Associates
Landlord: 11 West Commercial Corp.
Landlord Representative: STEVE RAPPAPORT, KRISTIN McCANN, SINVIN REALTY
Notes: The spa signed a 10-year lease. The reported asking rent was $75 per square foot.

Address: 66 Madison Ave
Square-Feet: 1,800
Tenant: Pallatte
Tenant Representative: CHRISTOPHER OWLES, STEVE RAPPAPORT, SINVIN REALTY
Landlord: 66 Madison Avenue Apartment Corp.
Landlord Representative: CHRISTOPHER OWLES, STEVE RAPPAPORT, SINVIN REALTY
Notes: The tenant signed a 15-year lease to open a restaurant and bar. The reported asking rent was $95 per square foot.

Address: 14 Jay St
Square-Feet: 1,500
Tenant: Ethan Cohen Fine Arts
Tenant Representative: ROXANNE BETESH, SINVIN REALTY
Landlord: 14 Jay Commercial
Landlord Representative: ROXANNE BETESH, SINVIN REALTY
Notes: The art gallery signed a three-year lease with an option to purchase. The reported asking rent was $52 per square foot.

Address: 157 Second Ave
Square-Feet: 1,425
Tenant: The Village Krust
Tenant Representative: STEVE RAPPAPORT, SINVIN REALTY
Landlord: Second Avenue Village Partners LLC
Landlord Representative: Josh Haleuga, Jonis Realty
Notes: The Italian restaurant signed a 12-year lease. The reported asking rent was around $131 per square foot.

Address: 264 Bleecker St
Square-Feet: 1,300
Tenant: Binn On Bleecker LLC
Tenant Representative: STEVE RAPPAPORT, SINVIN REALTY
Landlord: Martin M. Lewis Limited Family Partnership
Landlord Representative: STEVE RAPPAPORT, SINVIN REALTY
Notes: The restaurant signed a 15-year lease. The reported asking rent was around $171 per square foot.

Address: 112 Eighth Ave
Square-Feet: 903
Tenant: Lulu Cake Boutique
Tenant Representative: STEVE RAPPAPORT, SINVIN REALTY
Landlord: 102-116 Eighth Avenue Associates LP
Landlord Representative: STEVE RAPPAPORT, SINVIN REALTY
Notes: The Westchester-based bakery signed a 10-year lease for its first Manhattan location. The reported asking rent was $125 per square foot.

Address: 152 Eighth Ave
Square-Feet: 700
Tenant: Nail Spa and Beyond
Tenant Representative: JOSH BOWLING, SIMONE LILLIAN, SINVIN REALTY
Landlord: Village Management Incorporated
Landlord Representative: Jonathan Nagin, Superior Management
Notes: The salon and spa inked a 10-year lease. The reported asking rent was around $153 per square foot.

Address: 543 Hudson St
Square-Feet: 600
Tenant: Leo Design
Representative: CHRISTOPHER OWLES, KRISTIN McCANN, SINVIN REALTY
Landlord: Maureen and Augustine Hope
Landlord Representative: CHRISTOPHER OWLES, KRISTIN McCANN, SINVIN REALTY
Notes: The antiques dealer signed a 10-year lease. The reported asking rent was $165 per square foot.