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Lichtenstein launches leasing division, hails first lease deal.

LichtensteinRE has launched its new leasing division with a transaction that was finalized in only three days.

LichtensteinRE found, advised and successfully arranged the leasing of a 3,500 s/f property located at 674 Casanova Avenue in the Hunts Point section of the South Bronx to the Hudson Livery Company.

Akiva Weisz and Yossi Hollander, owners of Hudson Livery, a company that leases new cars to NYC medallion taxi cabdrivers as well as to independent ride-sharing livery drivers like Uber and Lyft, contacted LichtensteinRE looking for the right warehouse space in The Bronx to expand their business for its second location.

"Hudson Livery is very optimistic as they continue to expand their fleet of cars. They called me because they needed to quickly lease space that fit their budget and for a specific size space located in the Hunts Point section of the Bronx for their growing business," said Andrew Lichtenstein.

Hudson Liversy signed a five-year lease, considering the one-story street level warehouse perfect for their needs. The property has 500 s/f of office space plus 3,000 s/f for the fleet of carss.

LichtensteinRE represented both the tenant and the landlord in this transaction.

Until now, LichtensteinRE has been selling multifamily, mixed use and commercial real estate investment properties for its clients in and around New York City and arranging commercial real estate financing.

"LichtensteinRE will continue using its market knowledge and expertise providing advisory and transaction services for landlords looking to lease their properties in the five boroughs of NYC. The company will use its connections and marketing platform to achieve the best possible results for all parties involved in every transaction," said Lichtenstein.

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Comment:Lichtenstein launches leasing division, hails first lease deal.
Publication:Real Estate Weekly
Date:Mar 23, 2016
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