NYCRS in the News - New York Commercial Real Estate Services

Last week the Daily News brought word that Richie Akiva and Scott Sartiano are being sued for $120 million by developer Emilio Barletta, who claims he’s the rightful lease holder of the space. Court documents indicate that Barletta signed a $800,000 lease agreement on January 25, 2006. But James Famularo, the broker who connected Akiva and Sartiano with the space, says, “Scott and Richie had put a deposit down a year prior to Emilio ever seeing the space. ..." Full story >>

Lower Manhattan residents near the site of nightclub kingpin Ivan Kane's planned Forty Deuce burlesque on Kenmare St. say they don’t want Kane’s club to send the neighborhood down the tubes. James Famularo, the broker who helped Kane buy 19 Kenmare, says “I get 100 phone calls a week for space in this neighborhood.” Full story >>

Janet Freeman seemed paranoid. The long-time SoHo resident was standing on the corner of Spring and Elizabeth streets on a recent Friday afternoon perturbed that she had been interrupted in her search for cigarettes. However, her agitation quickly turned to alarm when she discovered that a reporter was waiting for her. Full story >>

Manhattan's clubland is migrating to unexpected zip codes downtown. James Famularo, a broker who has represented a number of nightlife spots over the years, says that while the move is happening, he believes it is limited to those that can make a hefty profit off a small group. Full story >>

Last night we sneaked into a friends and family dinner, ahead of today’s glitzy opening party, at Southern Hospitality, Justin Timberlake’s restaurant that we broke news of back when Sir James Famularo brokered the deal in April. Full story >>

Is there a renaissance on the Upper East Side that the rest of the general pubic is being kept in the dark about? Not quite yet, but there is method to the former boy-bander's madness. James Famularo, the exclusive broker on the space, explained that the "SexyBack" star wanted to establish a place that will become a destination in the city, not because of his name, but as a result of the menu. Full story >>

When Pizzeria De Santo opened at 173 Ludlow Street in January, the 900-square-foot spot seemed situated for success; it sat on one of the heaviest trafficked blocks on the Lower East Side. By April, the space, though still open, was back on the market. "The owners realized that it was not the money they're used to," James Famularo, executive vice president of NYCRS, told The Observer. Full story >>

Hipsters weary of the grind and longing for mystical spirituality of the Kabbalah will greet the news that Madonna is planning on transforming this concrete hull of 179 Ludlow Street, an exclusive listing of executive vice president James Famularo of NYCRS, into a Kabbala Center. Full story >>

Tim Gunn’s new television show is currently being filmed in the center of New York’s dying club district. Bravo TV recently signed a lease on a 2,500-square-foot space at 522 West 29th Street to shoot the Project Runway guru’s new show, Tim Gunn’s Guide to Style. James Famularo, executive vice president of New York Commercial Realty and the sole broker for the listing, said that he couldn’t confirm the identity of the tenant. Full story >>

The demise of Little Charlie’s Clam House at 19 Kenmare was to be expected. On April 30, the 14,000-square-foot, six-story building it had been located in since 1926 was sold for approximately $10 million to David Zahabian. James Famularo, the sole broker on the deal, told The Observer at the time of the sale that Mr. Zahabian hadn’t decided what to do with the ground-floor space. Full story >>

Combine David Bowie's glitzy dance tracks with Sting's promiscuous narrative and what do you get? Well, a burlesque club. Bowie and Sting are the proud new owners of an NYC restaurant space that they'll convert into a nightclub with club owner Ivan Kane. The new nightclub, obtained via broker James Famularo, will reportedly replica Kane's swanky Los Angeles and Las Vegas burlesque haunts, Forty Deuce. Full story >>

Earlier this week we reported that broker James Famularo had closed a deal putting mobster institution Little Charlie’s Clam Bar into the hands of a new owner. Sure enough, the Observer now reports that come autumn David Bowie, Sting, and Ivan Kane will turn the place into a low-key, high-spender outpost of Kane’s Vegas and L.A. burlesque nightclubs Forty Deuce. Full story >>

It's official. Sting, David Bowie and club owner Ivan Kane have finally gone to contract to bring Kane's burlesque show Forty Deuce to New York. Late yesterday, the trio signed on with New York Commercial Realty's James Famularo to open Kane's Las Vegas-based show at 19 Kenmare Street in the space that currently houses Little Charlie's Clam House. The contract is for approximately 5,500 square feet on the basement and first floor. Full story >>

"Commercial super broker" James Famularo has issued a press release detailing a recent big sale. After several months of negotiations and countless obstacles, exclusive broker James Famularo sold the commercial condominium on West 37th Street & 10th Avenue to Amir Korangy of The Real Deal Magazine for a production studio for approximately $1,200,000.00. Full story >>

The Real Deal magazine has closed on a 2,500-square-foot space on 10th Avenue that it will use as a production studio. The space, located in a commercial condo building at 438 West 37th Street, sold for $1.2 million, according to James Famularo of New York Commercial Realty Services. Full story >>

James Famularo, one of the brokers responsible for dropping GoldBar onto Little Italy like a ton of bricks, brings us news that 19 Kenmare, the building housing neighborhood institution (and onetime mobster hangout) Little Charlie’s Clam Bar, has been sold to David Zahabian. Full story >>

The future of Little Charlie's Clam House, a Little Italy mainstay, may be in question after the building that houses it was recently sold. On April 30, the 14,000-quare-foot, six-story building at 19 Kenmare Street was sold for approximately $10 million, according to James Famularo of New York Commercial Realty Services. Full story >>

Alas, it seems that the much-anticipated Madonna appearance at 179 Ludlow Street on the Lower East Side was postponed this week. A representative for the Queen of Pop, however, did tour the three floors there that could eventually house the her new kabbalah center. Her rep loved it," neighborhood broker James Famularo told The Real Estate. "Madonna is going to come by for a tour in the coming weeks to make a decision." Full story >>

Madonna’s coming back! The Queen of Pop will be touring 179 Ludlow Street on the Lower East Side next week, where she hopes to develop a three-floor kabbalah center. Madonna heard about the space by way of some big-time developer friends in the neighborhood, according to James Famularo of New York Commercial Realty Services. Full story >>

Broker James Famularo has just secured a bi-level space with fourteen-foot ceilings (now occupied by I Bar) at 277 Church Street, across from the Tribeca Grand Hotel. Full story >>

It may not look like the old Markt, but this weekend offered a taste of what's to come for the former Meatpacking brasserie. Last Thursday Markt took over Sensa's 13-year lease for an undisclosed sum. While Sensa made a profit, "they weren't doing as well as expected," said James Famularo of New York Commercial Realty Services, the broker on the lease deal. Full story >>

Justin Timberlake is looking to bring some Southern Hospitality to Manhattan's affluent Upper East Side neighborhood. New York magazine reported this week that James Famularo, exclusive real estate broker for the deal, confirmed that the Memphis, Tennessee-born singer is set to open a "laid-back, festive barbecue joint" called Southern Hospitality in mid-April. Full story >>

When last we checked in with Markt, the meatpacking mainstay kicked to the curb by its landlord, it was poised to move into Sascha’s old space. Broker James Famularo called us yesterday hours after inking a deal that, as of today, puts Markt’s people in charge of Sensa, positioning them to recast the space. Full story >>

A couple of weeks ago we informed you that a mystery Grammy performer had just closed a deal to open a restaurant in the former home of Il Monello. Now we can tell you that man is none other than Justin Timberlake. According to the exclusive broker for both sides, James Famularo of NYCRS, the Tennessee boy plans to open what’s described as a laid-back, festive barbecue joint called Southern Hospitality. Full story >>

First it was sexy, and now, Justin Timberlake plans to bring southern back. James Famularo, exclusive real estate broker for the deal, confirmed to SPIN.com that the Memphis, TN-born singer is readying to open a down south barbecue restaurant called Southern Hospitality in Manhattan's affluent Upper East Side. Full story >>

W&H's successful "Portfolio-Wide Passport Program" concluded with nine Manhattan brokers winning valuable prizes in a raffle, including a 50-inch Panasonic Plasma HDTV. Among the winners was Ryan Magner of NYCRS. Full story >>

Did you know that there are many apartments in New York City? And that some of these apartments are used by whores? For work (i.e., whoring) purposes? In a piece on illegal uses of apartment buildings (for whore-related activities, among others), The Real Deal introduces us to James Famularo, a senior vice president at New York Commercial Realty Services. James has seen it all. Full story >>

No, he's not going to shave his head and name his next album 'Animal Rights/Love Sounds' (as great as that would be), BUT Justin will be opening a new restaurant on New York's Upper East Side in the near future. According to the exclusive broker for both sides, James Famularo of NYCRS, the Tennessee boy plans to open what’s described as a laid-back, festive barbecue joint called Southern Hospitality. Full story >>

This summer a Brazilian madam was arrested and admitted to running a high-class prostitution business out of her $1.2 million apartment at Windsor Park. "I know landlords who don't care what you do with your space as long as you pay your rent in full on the first of the month," said James Famularo, a senior vice president at New York Commercial Realty Services. Full story >>

6/7/06 -- Kaleidoscope Tile has signed a lease at 58 W15th Street for 2,700 s/f on the ground and 800 s/f in the basement

Kaleidoscope Tile has signed a lease at 58 W15th Street for 2,700 s/f on the ground and 800 s/f in the basement. The asking price was $70 psf. Dumann's Mac Luk and Frederick Faust represented the building owner and Stephanie Guernsey of NYCRS Realty represented the tenant.

Winter 2006 -- W&H Celebrates Brokers At '21' Club

In keeping with an annual tradition to celebrate the brokers with whom we are privileged to do business, W&H Properties held a special thank-you dinner for more than 100 commercial real estate brokers who were active at W&H buildings in 2005. Liz Schorn of New York Commercial, accepted her firm's award for most Pre-Builts Leased. Full story >>