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With over fifteen years of real estate expertise, and a long time memberships in good standing of the Real Estate Board of New York, the New York Nightlife Chapter of the NYS Restuarant Association, and the International Council of Shopping Centers, James specializes in mixed-use buildings, development sites, bars, nightclubs, lounges and restaurants and, has acquired the necessary skills to work across all segments of the leasing and sales transaction. He works with a team of attorneys, expediters, architects and construction consultants who are experts in problem solving with most any New York City or State Agency including: Dept. of Buildings, Dept. of Housing and Community Renewal, Dept. of City Planning, and Landmarks Preservation Commission.
Highly regarded for his ability to acquire top commercial listings that he then matches with qualified buyers, James is also consistently recognized, amongst his colleagues as Top Producer, which is demonstrated by his being awarded The Highest Grossing Award for the previous five consecutive years.
James' exceptional command of Manhattan's trendiest neighborhoods is one of the many keys to his success and his undisputed reputation as a location connoisseur has given him the advantage of finding the best home for such well known entities as:
Other clients that were able to establish businesses in Manhattan while working closely with James include: i-bar, Gin Lane NYC, 24-7 Bar & Lounge, Bia Beer Garden and when Amato Opera House owners where ready to retire, after a 60+ year run on the Bowery section in Manhattan, it was with the help James that they were able to get the asking price on their building in the Spring of 2009.
I am a partner in the commercial real estate department of the law firm Westerman Ball Ederer Miller & Sharfstein, LLP. My practice includes representing landlords, tenants, purchasers and sellers in connection with complex and sophisticated retail, restaurant and office lease transactions in New York City as well as other major cities and localities. During the course of my practice, I routinely interact, communicate and negotiate with real estate brokers representing the various parties to these transactions. During my approximately fifteen (15) years of practice, I have dealt with countless commercial real estate brokers and can say that real estate broker James Famularo of New York Commercial Real Estate Services stands out above and beyond other real estate brokers for several reasons.
First, Mr. Famularo’s experience in and knowledge of the hospitality and restaurant business in New York City is unmatched and his contacts within these industries are unparalleled. From owners, operators, professionals, consultants and service providers, Mr. Famularo offers his clients a broad range of recommendations and referrals to assist his clients during both the negotiation stage of the transaction as well as post closing.
Second, Mr. Famularo takes a practical approach to each transaction he is involved in, no matter the size, in order to reach the ultimate goal for his clients – a closing on terms acceptable to his clients. In that connection, Mr. Famularo looks at the broader picture of each transaction and regularly offers reasonable and acceptable solutions to disputed issues or impasses that may surface during a transaction. His insight on these issues, especially in the hospitality and restaurant business, is invaluable and has saved several deals from terminating during negotiations and at the closing table
Finally, and most impressively, Mr. Famularo works tirelessly on each transaction, again no matter the size. Mr. Famularo makes himself available morning, day and night for all aspects of a deal, including showings, negotiations, due diligence and permitting, often offering his assistance and expertise in liquor license applications, community board hearings, permit applications and even concept and design. Mr. Famularo is not a broker that focuses on his commission, but rather his focus lies with the relationships established on the transaction and the satisfaction of his clients. Whether the transaction is big or small, Mr. Famularo’s commitment, focus and tireless efforts remain the same – the satisfaction of his clients.
For the foregoing reasons, among others, Mr. Famularo is an instrumental component to the transactions he is involved in. I highly recommend Mr. Famularo of New York Commercial Real Estate Services, without reservation, for any real estate transaction.
Please feel free to contact me with any questions.
Very truly yours,
Edward J. Bullard Jr.
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"[James's] experience and persistence, coupled with [his] eye always on ball got me all I wanted for the restaurant. It's been a pleasure to work with someone who is always there when you call and is always thinking and thinking positively."
Giorgio Deluca
Founder of Dean & Deluca
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"A distinct difference between Mr. Famularo and other brokers I've worked with was that he would always see the properties first before approaching me with them to make certain that the property had matched my criteria. Mr. Famularo was also the glue which kept the deal together on all fronts. He worked closely with the banks, the attorneys on both sides as well as helping me secure the proper inspections for the property. I felt like he was employed by me full-time until we closed the deal. I highly recommend Mr. Famularo as a professional real estate expert and a source of information on the commercial and residential markets."
Amir Korangy
Publisher, The Real Deal Magazine
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"I have worked with James Famularo since the late 1990s on dozens of real estate deals from the leasing of restaurants to the purchase of multi-million dollar properties...No one works harder to service a client and to make sure that his client's best interests are served rather than counting the dollars from the commission. His ability to follow a property for a client for months or even years and ride the current wave until his clients goals havef been met and he has closed the deal demonstrates remarkable persistence and patients and results in better deals for his buyers and high selling prices for his sellers. James knows the value of every inch of New York City as well as its history. I give the highest recommendation to James Famularo."
Adam Leitman Bailey, P.C.
Attorneys and Counselors at Law
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In my dealings with James, he has demonstrated an insight and keen awareness of the market and its trends. His focus on the finer points of each transaction together with the fact that he never loses sight of the broader picture renders him a critical and necessary part of the process."
John A. Fortuna, Esq.
Rosenberg & Fortuna, LLP
James Famularo: Two In a Row on Restaurant Row: Gourmet Portuguese Sandwich Shop New to New York, NY
--- Top real estate broker for restaurateurs, James Famularo, has closed a second real estate deal just days after closing his last one. Both food businesses occupy contiguous spaces on Ninth Avenue and 45th Street, one of the city’s most popular restaurant areas.
The second deal was for City Sandwich (649 Ninth Avenue), a gourmet Portuguese sandwich store owned by Michael Guerrieri, who was born in Naples, Italy; raised on Long Island, and operated a celebrated gourmet shop in Lisbon called Mezzaluna.
City Sandwich will have a sleek, upscale Mediterranean look. Its gourmet sandwiches will contain Portuguese, Italian and American ingredients, some of which will be imported and some of which will be domestic. And all of which will be mouth-watering delicious...Read more... Read More...
JAMES FAMULARO, ON A ROLL, CLOSES ANOTHER RESTAURANT DEAL
New York, NY --- James Famularo, New York’s premier real estate broker for restaurants, bar, lounges and nightclubs, has just closed another restaurant deal. At the pace at which he is closing deals, 2010 will be his best year yet, topping more than 25 deals for major restaurateurs.
GRUB STREET: Beloved Ethiopian, Ghenet, Is for Sale
In October we reported a rumor that Ghenet was being pushed out of its space, and though the veteran Ethiopian restaurant is still open for business, we’ve received confirmation that it may not have long for this world, via a listing from broker James Famularo: “284 Mulberry Street between Houston & Prince Street."
THE REAL DEAL: Moms and dads in West Chelsea clubland
West Chelsea's streets have long been the locus of New York club life when the sun goes down. The night crawlers' neighborhood, though, has attracted plenty of new residential construction, setting the stage for a showdown between developers and the nightclub scene.
BLACK BOOK: A Visit to the Village Tart
The Village Tart is both a yet to be discovered floozy I will attempt to hook up with at my birthday party tomorrow night, and the name of Leslie Bernard’s new Kenmare Street corner pastry and light fare joint.
THE NEW YORK OBSERVER: Pizzas, Kebabs No Match for Changing Lower East Side
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, one that breeds late-night pizza cravings.
CURBEDWIRE: SuperBroker Inks SuperDeal; UES Towers!
Self-described "commercial super broker"James Famularo (right) has issued a press release detailing a recent big sale. We present it to you in full form below...
ALL BUSINESS: Commercial brokers protect their spoils
The term "vulnerable" is not typically associated with the alpha dogs of New York City's high-powered commercial real estate world. Butthat is precisely how a number of top commercial firms are feeling these days, and to compensate, they are taking extra measures to ensure landlords can't stiff them.
VILLAGE VOICE: The Gentrification Project That Turned into a Rat Castle on Ludlow
What was once an out-of-town developer's plan to bring even more deluxe gentrification to the Lower East Side has instead turned into a crumbling eyesore, a haven for rats, and a traffic nightmare that keeps snaring delivery trucks on Ludlow Street.
GRUB STREET: Ivan Kane's Forty Deuce: Alive?!?!
Forty Deuce spokesperson Kris Ferraro told us earlier that Ivan Kane wasn’t currently planning to proceed with a New York outpost of the club, but a Villager article points out that Kane still hasn’t withdrawn his application with the State Liquor Authority. We checked in with broker-to-the-hot-spots James Famularo who says he has received eight to ten Letters of Intent (a step normally taken after an offer letter) from café, restaurant, and lounge operators eager to take over the space.
SPIN: Bowie, Sting to Open Burlesque Club
Combine David Bowie's glitzy dance tracks with Sting's promiscuous narrative and what do you get? Well, a burlesque club. According to nymag.com via The New York Observer, 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 VILLAGER: Signs of Life at Chumley's
Nearly two years since the historic West Village speakeasy Chumley’s closed following a partial building collapse, the property’s managing agent announced that the famed tavern could reopen by the fall.
THE REAL DEAL: Slurping through the Recession
It turns out that a steaming bowl of noodles may be an antidote to the city's real estate woes. While ramen noodle restaurants — modeled after traditional noodle bars in Japan — have been in the city for ages, new noodle shops are popping up with increasing frequency, and they not only offer inexpensive meals for bargain-hungry diners but also a source of deals for brokers with retail leases to spare.
DOWNTOWN EXPRESS: Burlesque Owner says Downtown’s Grit is It
Nightclub kingpin Ivan Kane almost has it all: an L.A. hotspot that attracts more stars than a Kabbalah convention, a Bravo reality series about the opening of his Las Vegas club, and a dancer for a wife named Champagne Suzy.
THE OBSERVER: Madonna Postpones Lower East Side Visit;[br] Her Rep 'Loved' 179 Ludlow, Though
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.
THE REAL DEAL: Illegal spaces: Room for the Seedy Side of Life
This summer a Brazilian madam was arrested in her Midtown condo at 100 West 58th Street. She admitted to running a high-class prostitution business out of her $1.2 million apartment at Windsor Park and said she planned to use the profits to buy a floor of condos at the Plaza with Italian investors.
SPIN: Timberlake Provides Southern Hospitality
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 neighborhood sometime in mid-April.
GRUB STREET: High-end Sushi Takes a Recession Hit
Is high-end sushi in danger of joining French fine dining on the list of restaurant recession casualties? After a series of splashy New York openings in the first half of the decade — Masa, Morimoto, Megu, etc. — sushi has fallen off the buzzy-openings map.
THE REAL DEAL: The Quiet Players
New York real estate might be known for its big personalities, but there are a host of owners and investors like Frank Ring who shun the spotlight. Some publicity-shy players are revered in the industry for having orchestrated some of the city's biggest deals: Lloyd Goldman, Jeffrey Feil and Joseph Cayre, for example, are spoken of in reverential tones by commercial brokers as high-powered, big-money wheelers and dealers.
