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Brookhill announces leasing of 4 Manhattan retail spaces.

Ronald B. Bruder, president of the Brookhill Group, a New York City based nationwide real estate investment and management firm and turnaround specialist, announced that four major commercial retail spaces were leased in Manhattan. Negotiations for Brookhill Management Corporation where conducted by management agents Donald Derman and Dennis Renton.

The four newly leased properties include the former King Karol Records store at 1521 Third Avenue which was leased to Entertainment Warehouse; 35 East 8th Street which was leased to Aroma's of New York; 37 East 8th Street which was leased to Ginger Rose Hair Salon; and the expansion of Dallas BBQ at 23 University Place.

The East 8th Street and University Place properties were part of the recent F.D.I.C. auction of a $750 million portfolio of properties. The Brookhill Group turned around the East 8th Street property and doubled the net operating income. Theproperty, which consists of a 67,000-square-foot retail condominium comprised of 36 retail stores, received one of the highest bids in the F.D.I.C. auction.
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Title Annotation:Brookhill Group brokers commercial space in New York, New York
Publication:Real Estate Weekly
Date:Dec 23, 1992
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