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Leslie J. Garfield, Inc. announced the 10-year, triple net lease of the one story garage building located at 550 West 21st Street to Yvon Lambert Gallery.


Leslie J. Garfield, Inc. announced the 10-year, triple net lease
Triple net lease
A lease providing that the tenant pay for all maintenance expenses, plus utilities, taxes, and insurance. This results in lower risk for investors, who usually form a limited partnership.
 of the one story garage building located at 550 West 21st Street to Yvon Lambert Gallery. Garfield's Chelsea director, Brandon Maltzman, represented the landlord in the transaction. Grubb and Ellis represented the tenant.

Hidrock Realty announced the following transactions:

* Cohen's Fashion Optical has signed a lease for 1,800 s/f of retail space at 30-42 Steinway Street in Astoria, NY. Matthew E. Dweck and Nathan J. Azizo of Hidrock Realty represented both the landlord and the tenant in the transaction.

* Magnet Media signed a 5,000 s/f lease for the entire 12th floor at 12 West 27th Street. Robert Kaplan of Hidrock Realty represented the tenant in the transaction while the landlord was represented by Mark S. Stein of Meringoff Properties.

* Sculptor Mary Vaccaro, signed a three years lease at 548 West 28th Street, a 19th century former industrial building. Asking rents are currently $30 psf.. Norman Shabot, senior leasing director for Hidrock Realty, represented the tenant. Jim Pastreich of Mariner's Gate represented the building.

* Lab49 leased 5,510 s/f, the entire 20th floor, at 11 Broadway. Robert Kaplan of Hidrock Realty represented the tenant while the landlord was represented by Mendy Braun of Braun Management.
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Article Details
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Title Annotation:New York
Publication:Real Estate Weekly
Geographic Code:1USA
Date:May 31, 2006
Words:209
Previous Article:The Kaufman Organization, announced two renewal leases totaling 6,685 s/f at the Nelson Tower, located at 450 Seventh Ave.(New York)
Next Article:Adams & Co.(New York)
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