News: Brokerage

Lee & Associates NYC's Levitan markets 50 Withers Street in Williamsburg

Lee & Associates NYC LLC managing principal Peter Levitan holds the exclusive agency for a 2,800 s/f retail space at 50 Withers Street, located on the corner of Meeker Avenue in Williamsburg. The space, which is owned by Patoma Partners, comprises 2,000 s/f on the ground floor with 15-foot ceilings, a 900 s/f basement and an 800 s/f roof deck. "This space in the heart of Williamsburg has exciting potential for many different uses, but a restaurant would really make sense because of the possibility of a 1,200-square-foot unenclosed sidewalk café," said Levitan. "Moreover, it is equidistant from two L train stops, and there are more than 50 new residential developments within a half mile radius." Levitan is a key member of the team responsible for making Lee NYC one of the largest retail brokerages in Williamsburg. The Brooklyn team, which also comprises managing principal Peter Braus, managing director/principal Garry Steinberg, associate director Jaime Schultz and associate director JP Sutro, is currently marketing retail space at the upcoming Pod Hotel at 626 Driggs Avenue, 294-296 Bedford Avenue, 132 Bedford Avenue, 247 Bedford Avenue, 92 North 6th Street, 76 North 4th Street and 137 Grand Street. Their recent leases include Umami, Sweetgreen, Parm and Radegast Hall & Biergarten. Overall, they have already closed 30 deals in Brooklyn, comprising 100,000 s/f within the past year, and currently holds 17 exclusive agencies in Williamsburg, alone, containing over 200,000 s/f.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account