Price of Winoker Realty negotiates leases totaling 10,965 s/f at 850 7th Ave.
Winoker Realty Company brokered several deals totaling 10,965 s/f at 850 7th Ave. Asking rents at the building range from $39 to $44 per s/f and the new leases are for periods ranging from three to five years.
Senior managing director Richard Price of Winoker Realty negotiated the transactions - six new leases, an expansion and a relocation - on behalf of the building's owner,Texwood Investment Inc.
"850 7th Ave. is a rare find for tenants who thought they had been priced out of the Midtown market," said Price. "Located near transportation, hotels and only a few blocks from Central Park and the Theater District, this well-maintained property provides an ideal home for firms in a variety of industries."
Lease negotiated by Price include:
 * O Park/T Park Central, which took 2,935 s/f on the seventh floor, and was represented by Nicholas Zarnin of the Lansco Corp. The lease is for a term of five years.
* Upper 11 Records LLC signed a three-year lease for 2,200 s/f in Penthouse A. Richard Pugatch of the Hunter Org. represented the tenant.
* Astic Productions relocated to the building's Penthouse B and signed a five-year lease for 1,900 s/f. Winoker's Richard Price represented both the landlord and tenant in the transaction.
* Kagaan Research Associates signed up for 1,130 s/f over three years on the third floor. Alan Eagle of Bergson Strategies negotiated on behalf of the tenant.
* Big Chief Inc. took 1,100 s/f on the fourth floor for five years. Peter Wargacki of New York Commercial Realty Services represented the tenant.
* Park Firm LLC renewed for two years and expanded to 585 s/f on the fifth floor. Price repped both parties.
* Theatrical Index Inc. leased 585 s/f on the 11th floor for three years. The company was represented by Bergson Strategies' Beth Weiss.
* Bridgehampton Chamber Music Association signed for 520 s/fon the seventh floor for a period of three years. Price represented both parties in the deal.
Constructed in 1910, 850 Seventh Ave. is a 12-story, 75,000 s/f office building, with 24/7 security and other amenities. It is near transportation, shopping, hotels and entertainment and near Central Park.
Manhattan, NY According to Tishman Speyer investment boutique Horizon Kinetics Asset Management LLC will relocate its current New York office to 18,713 s/f on the 27th floor of 1270 Avenue of the Americas at
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.
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
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
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,