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Category ArchiveKassin Sabbagh Realty

Van Leeuwen Artisan Ice Cream Scoops Up Soho Space

Van Leeuwen Artisan Ice Cream will be serving its ice cream in Soho, its first location in the Manhattan neighborhood, Commercial Observer has learned.

The ice cream company, which started in spring 2008 out of a truck on the streets of New York City, has leased 542 square feet at 145 Greene Street, also known as 160 Wooster Street, at the corner of Wooster and Houston Streets, according to Avi Akiva, a retail specialist at Kassin Sabbagh Realty. The lease is for 10 years and the asking rent was $500 per square foot, he said.

Van Leeuwen will occupy part of Ashkenazy Acquisition Corporation’s retail condominium at the building, which the investment firm acquired in October 2013 for $9.9 million. Akiva negotiated the deal for both sides, aided by Ashkenazy’s Daniel Iwanicki in-house.

“They’re one of the best ice creams around and they have a good following,” Akiva said. Van Leeuwen liked the location, the aesthetic of the building and the 30 feet of frontage on Houston Street, he added.

Upstairs are 18 residential condo units, according to CoStar Group.

Van Leeuwen has stores and trucks in the city as well as in Los Angeles, and sells its ice cream—made from scratch in Greenpoint, Brooklyn—in grocery stores.

Iwanicki didn’t respond to a request for comment and nor did anyone from Van Leeuwen.

Source: commercial

East Village Karate Academy Moves to Second Avenue

The Chinese Hawaiian Kenpo Academy, a martial arts school, is fighting its way west in the East Village.

The karate academy leased 5,000 square feet last month on the ground and second floors at 122 Second Avenue between East Seventh Street and St. Marks Place, according Marc Sitt of Kassin Sabbagh Realty.

It plans to relocate from its current spot at 34 Avenue A between East Second and East Third Streets. The school, which has operated in the neighborhood for more than 20 years, needed to expand beyond its 1,700-square-foot space in Alphabet City, Sitt said.

Asking rent for the Second Avenue space was $80 a square foot.

Sitt and his colleague Abie Dwek represented the tenant, and Sitt represented the landlord, Jerry Lebedowicz, on his own.

Lebedowicz purchased the property for $9.1 million in October 2016. He plans to redo the first two floors and put in floor-to-ceiling glass windows for the karate school, Sitt said. Before him, the Ukrainian Soccer Club had owned the property since 1959. The five-story building dates back to 1920 and includes two apartments and 2,400 square feet of office space above the two floors of retail.

Source: commercial