Press Releases

Lee & Associates NYC on Sept. 4 completed the $6.8 million sale of 75 Pierrepont St., a 25,800-square foot, six-story, rent stabilized residential building in Brooklyn Heights at a 6.2% cap rate. “The sale of this Brooklyn Heights jewel for a 6.2% cap shows that there is hope amongst the NYC investment community that the legislature will one day realize that the best way out of a housing crisis is building more units, not regulating them,” said…

Lee & Associates NYC successfully represented Telecom Infrastructure Corp. in its strategic relocation to 2 West 45th Street in Midtown Manhattan. The telecommunications firm is moving from its previous location at 8 E. 41st Street, where it occupied 2,000 square feet, to a new, larger office space as part of its growth plans. Telecom signed a five-year and four-month lease for 3,944 square feet in the 16-story building and is set to move in this…

  Lee & Associates proudly announces that GlobeSt. has awarded our broker, Justin Myers, as one of the Aspiring Leaders (formerly 50 under 40). Justin has made significant strides in the commercial real estate industry, demonstrating exceptional leadership and a diverse skill set. His innovative approach and dedication to excellence set him apart as a rising star in the field. Join us in celebrating Justin’s achievements and his bright future ahead. Following a successful professional…

  Brokerage Lee & Associates has appointed Peter Braus, who most recently served as a managing director, as president of its New York City operation. In his new role, Braus will continue the firm’s work to position itself as a key middle-market commercial brokerage in the city, Lee & Associates said. Braus is succeeding James Wacht, who will step down as president and continue to serve as a managing principal and member of the firm’s executive…

Lee &Associates NYC has tapped Avison Young’s Todd Korren to head up its New York leasing team, Commercial Observer has learned. Lee & Associates NYC announced today that it has appointed Todd Korren as its Principal, Executive Managing Director, and Director of Leasing. Korren will lead day-to-day brokerage operations, recruit, develop, and manage agents and staff, and participate in strategic planning and financial reporting while externally promoting Lee & Associates NYC in the marketplace. Korren brings over 30 years…

March 13, 2023 (New York, NY) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces 119 SPRING STREET LEASED TO LUXURY RETAILER Philip Plein’s BY LEE NYC’S PAUL POPKIN & JESSICA GERSTEIN See the story covered in Crain’s, New York Business Journal, and Connect CRE. ### MEDIA CONTACT First Last Lee & Associates (000) 000-0000 email@lee-associates.com

  Mark Kapnick, Executive Vice President/Principal, Bradley Diamond, Managing Director, and Elliot Diamond, Director, of Lee & Associates NYC LLC (“Lee NYC”) have been named the exclusive agents for 15,000-plus square feet of retail space at the Promenade Shops at LeFrak City, on 99th Street between 57th Avenue and Horace Harding Expressway in Queens. Click here to read more.  

“Like other retailers, traditional toy retailers have been decimated by multiple forces,” says Peter Braus, managing principal in the New York City office of Lee & Associates. “First, Walmart and Target took away much of the market from specialty toy stores. As Amazon and online retailers began to take a larger and larger share of the market, this became too much for Toys ‘R’ Us and was the nail in the coffin.”  Click here to…

Peter Braus, Managing Principal of Lee & Associates NYC, has arranged a lease for the Church Street School for Music and Art at 41 White Street in Tribeca. Working directly with Executive Director Lisa Ecklund-Flores, who founded the non-profit music and arts school in 1990, Mr. Braus spent nearly two years searching for a location that met the school’s criteria for affordability in the Tribeca submarket and room enough to accommodate a student body that starts at 16-months…