There comes a time for every successful pioneer when they look around and realize they’re not on the frontier anymore.

So it was for the Heller Gallery, a tenant for ten years at 420 West 14th Street in the Meatpacking District.

For Chase Welles, growing up in New Haven, Connecticut, attending the prestigious Yale University should have been a pretty clear-cut choice.

The alumnus of six U.S. presidents and the home of the exclusive Skull and Bones fraternity was, after all, located right in his backyard.

But Chase chose to pack his bags for New York City, heading to Columbia University on West 116th Street, a neighborhood where he would eventually make a major impact.

Massey Knakal’s assignments, Weichert Commercial Brokerage, Inc. exclusive, Sioni & Partners retained, ERG Property Advisors, Jones Lang LaSalle, Marcus & Millichap all make sales.

New York’s iconic center of songwriting and entertainment is under new ownership.

The Brill Building, a landmark historic building located at 1619 Broadway at the corner of West 49th Street, has been purchased by real estate investor Eric Hadar of Allied Partners, along with the private equity firm Brickman, in a deal valued at close to $250 million.

Month-over-month, New York City multifamily transaction volume held steady and the dollar volume of those deals increased in April compared to March, according to Ariel Property Advisors’ Multifamily Month in Review for April.

Carlton chairman Howard L. Michaels announced that he organized an equity partnership between Ian Schrager, Steve Witkoff and Howard Lorber to form a joint venture to buy an equity stake in 156-162 Leroy Street and the adjacent corner parcel 357-363 West Street, owned by Richard Mack’s Area.

New York
Adams & Co. Real Estate, LLC, brokered a 1,463 s/f new lease at 10 West 33rd St. for Cameo Public Relations, LLC. David Levy, principal, represented the landlord, Ten West Thirty Third Associates, and the tenant in the transaction. Asking rent was $42 psf. Cameo Public Relations plans to use this space for general and executive offices.
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Kalmon Dolgin Affiliates, Inc. (KDA) has arranged a 5,100 s/f long-term sublease of the entire one-story building at 226 North 6th Street in the Williamsburg section of Brooklyn, NY, for a photography studio …

Skyline Developers announced two new leases at 1040 Avenue of the Americas, its signature Art Deco Class A office building.

Rosewood Realty Group has closed five Brooklyn multi-family deals that together total over $65 million.

The largest sale was $35.6 million for Coney Island Towers, a 19-story elevator apartment building at 2950 West 24th Street in Coney Island, consisting of 360 apartments and a parking garage.

Carlton chairman Howard L. Michaels, Cushman & Wakefield, Massey Knakal, Brooklyn Law School and more…