News:
Brokerage
Posted: September 9, 2025
Zar Property NY signs five
leases at 119 West 57th St.
Manhattan, NY Zar Property NY has completed five lease transactions at 119 West 57th St., a 16-story property on Billionaires’ Row. Zar Property NY acquired the 145,000 s/f building in late 2024 for $27 million and has since undertaken a comprehensive renovation.
Transactions included:
• IF MANAGEMENT — Seven-year lease for 2,350 s/f on the 15th floor. Tenant represented by Cooper Weisman, Newmark.
• CALEX — Seven-year lease for 2,880 s/f on the 11th floor. Tenant represented by Ben Blumenthal, Noah & Co.
• ATM Associates — 10-year lease for 4,140 s/f on the 4th floor. Tenant represented by David Lolai, LSL Advisors.
• Thara Thai Spa — Five-year lease on the 5th floor. Tenant represented by Steven and Nina Sunderland, Optimal Spaces.
• Zornberg MD PC — Four-year lease extension on the 8th floor. No broker involved.
“We’re seeing strong, sustained interest from both office and medical tenants at our latest Manhattan project,” said David Zar, principal of Zar Property NY. “The growing demand for multi-tenanted suites has set us apart from other class B properties in the area, allowing us to deliver fully turn-key spaces in a modernized Midtown loft environment. Our spaces remain highly competitive, and we look forward to welcoming more tenants seeking medical and creative offices in this dynamic neighborhood.”
All leasing, management, and construction are handled in-house by Zar Property NY.
Tags:
Brokerage
MORE FROM Brokerage
Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.
Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10th St. in Greenwich Village
.jpg)
Columns and Thought Leadership
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,
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
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.
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
.gif)