Kenneth Salzman, Senior Managing Director/Principal, and Seth Rosen, Director, of Lee & Associates NYC have arranged an eight-and-a-half year, 11,366-square-foot lease on the third and fourth floors at 75 West 125th Street for Lutheran Social Services of New York.
Lutheran Social Services of New York is a licensed family and foster care group which cares for 7,000 people each day. The agency’s programming includes childcare, affordable housing, hunger prevention, and various services for seniors, immigrants and refugees.
“Seth and I believe in this organization’s mission and we worked hard to find a landlord who shared that belief,” points out Mr. Salzman, who represented the tenant. “Ownership’s cooperation was instrumental in completing a transaction that met the needs of all parties involved, including New York City’s foster care youth.”
“When we reached out to Ken and Seth, they immediately asked questions about our needs, the type of community we were seeking in which to locate our programs and the timeframe in which we needed to find space,” explains Damyn Kelly, President and CEO of Lutheran Social Services of New York. “Once we identified a location, they served as amazing advocates in ensuring that we obtained everything to which we were entitled and more! This will enable us to serve even more New Yorkers, which is ultimately our sole reason for existence.”
The landlord, Chompol LLC, was represented by James Bullaro of Bullaro Properties Realty Services. Previously, 75 West 125th Street was occupied by Carver Federal Savings Bank. Lutheran Social Services of New York will take occupancy in late September. Asking rent was $46 per square foot.
Additional information is available at www.leeassociatesnyc.com
Additional information is available at lee-associates.com