NYC Office Leasing Specialist

Office Leasing Specialist

TEL # 212-984-7117
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Should a Company Hire an Exclusive Broker?

Should a Company Hire an Exclusive Broker?   The answer is 100% yes! Let me caveat that to say, that you should only engage an experienced broker with a proven track record of working on similar transactions as to yours. A real estate transaction is complex and as an occupier there is a lot to […]

The Difference Between Costar and LoopNet

The Difference Between Costar and LoopNet If you are looking to find office space on your own, it is important to understand how the tools work and their limitations. The primary listing service that the brokers use is called Costar. There is no cost to the landlords or their agents to list their available spaces. Costar […]

Two Strategies for Nonprofits to Eliminate Real Estate Taxes

Two Strategies for Nonprofits to Reduce Occupancy Costs  Nonprofit organizations are in a unique position to execute on the strategies noted below to effectively reduce their leasing costs by an amount corresponding to the real estate tax cost that is implicit in their cost of leasing. 30-Year Leasehold Condominium In NYC, if a non-residential property […]

The 30-Year Leasehold Condo – NYC – What you need to know.

The 30-Year Leasehold Condo NYC.  What you need to know Many nonprofits, including charitable organizations, educational organizations, and healthcare providers, are eligible for a real estate tax exemption when they hold legal title to a property. However, purchasing a commercial building or a commercial condo can be cost-prohibitive for many organizations. A way to get the full tax benefit of ownership without the […]

The Good Guy Guarantee – NYC – What You Need to Know

The Good Guy Guarantee (GGG) seems to be one of the most misunderstood components of a lease. The biggest misconception is that the GGG gives the tenant the ability to walk away from the lease without any ramifications. That is 100% false. The Good Guy Guarantee is not a get-out-of-jail-free card for the tenant. In […]

Finding the Perfect Office Space in New York City

Finding the Perfect Office Space in New York City Many brokerage websites claim that their firm will find you “The Perfect Office Space.” As a successful 30-year industry veteran, I am sorry to say that unless you have Jeff Bezos or Elon Musk type money, and cost is not a factor, the perfect space is […]

Annual Escalations in a Commercial Lease. What You Need to Know.

Annual Escalations in a Commercial Lease. What You Need to Know. The escalation clause is a provision in a lease that allows for annual increases in the rent. The rationale behind the clause is so a landlord can defray the increasing costs to operate, maintain, and service the building and continue to provide the same […]

Security Deposit in a NYC Commercial Office Lease. What You Need to Know

Security Deposit in a NYC Commercial Office Lease: What You Need to Know The security deposit in a commercial lease is very different than a residential lease. It can range anywhere from 0–12 months and is often one of the more contentious components of a deal to negotiate. From the Landlord’s perspective, the amount of […]

Deal Economics in a NYC Lease

The basic economic terms of typically more straight forward in a Class A Building where the rents are higher. Base Rent – This is the minimum rent that the tenant owes the landlord either on an annualbasis, a monthly basis, or a per square foot basis.Additional Rent – This is to account for the increase […]