Leases
Home furnishings firm inks Midtown South lease
Address: 20 W. 33rd St., Manhattan
Landlord: JLA Home
Tenant: Vanderbilt Home Collections
Lease Size: 14,000 square feet
Asset Type: Office
Brokers: LSL Advisors represented the tenant. Lincoln Property Co.’s Jeffrey Rosenblatt and Christina De Jesus represented the landlord
Sales
Japanese firm flips Hell’s Kitchen site to Japanese company
Address: 314 W. 51st St., Manhattan
Seller: Relo Redac
Buyer: Osaka Biso Co.
Sale price: $14 million
Asset type: Multifamily
Developer picks up majority stake in Midtown South tower
Address: 470 Park Ave. S., Manhattan
Sellers: SJP Properties and PGIM Real Estate
Buyer: Williams Equities
Sale price: $147.5 million
Asset type: Office
Brokers: Eastdil Secured’s Will Silverman represented the seller. Michael Cohen, Andrew Roos, Robert Getreu and William Stempel represented the buyers in-house, as well as Colliers’ Jessica Verdi and Mac Roos.
Greek food importer unloads Tribeca former Urban Archaeology home
Address: 143 Franklin St., Manhattan
Seller: Krinos Properties
Buyer: CNY Group
Sale price: $34.5 million
Asset type: Industrial
Financings
Affordable housing project in Kingsbridge secures financing
Address: 160 Van Cortlandt Park South, Bronx
Owner: Tishman Speyer
Lender: New York City Housing Development
Loan amount: $166 million
Asset type: Multifamily
News update
Mayor Eric Adams’ administration says it has surpassed its “24 in 24” goal of building or preserving affordable housing on 24 public sites over the course of last year. The city advanced 26 projects in total throughout 2024, building or preserving more than 13,000 residential units, according to his administration.
