Centum Real Estate Group,
a full-service real estate brokerage firm in New York and New Jersey
that specializes in commercial and residential properties, announced
today that it has completed the lease of 21A Clinton Street: a
3500-square foot premium property on New York City’s Lower East Side.
For more than six decades the landmark
building was home to the world-renowned “Living Theatre,” which produced
a string of successful off-Broadway hits starting in the 1950s, and
during its final days in 2013 was featured by the NY Daily News. Most recently, the building was tenanted by the “Celebration of Whimsy Theatre.”
“Our experience with commercial properties on
the Lower East Side, along with our strategic and targeted marketing
plan, helped us expeditiously close on this lease in less than 60 days
with favorable terms for our client,” commented Otis Duffy,
Centum Real Estate Group’s Executive Vice President and Broker of
Record. “We are delighted about how our client plans to use this
exceptional and highly-coveted space, and have no doubt that while 21A
Clinton Street has a storied and historic past, its best and most
exciting days are ahead – not behind.”
As noted, Centum Real Estate Group has
significant experience in the Lower East Side real estate market. In May
of last year, Mr. Duffy was the sole broker in the $8.32 million sale
and leaseback of “Libations”, a three-story 9,777 square foot
retail/restaurant building located at 137 Ludlow. As part of the sale,
Mr. Duffy negotiated the inclusion of three existing liquor licenses,
which was a major win for his client and allowed them to continue
operating seamlessly without delays or added costs.
Added Mr. Duffy: “137 Ludlow was a complex
transaction given the prominence of the clients, the premium location,
and the importance of making the existing liquor licenses part of the
deal. We used our expertise to put together a comprehensive plan, and
carried it out with precision. The seller and buyer were both satisfied
and represented that Centum Real Estate Group was the Exclusive
Brokerage Firm. We achieved an outcome that most other firms wouldn’t
even attempt because they lack the necessary experience and knowledge to
broker an off market property and beating out Massey Knakle Brokerage
Firm.”
For additional information on Centum Real Estate Group, visit http://www.centumreg.com or email info(at)centumreg(dot)com.
About Centum Real Estate Group
Centum Real Estate Group LLC is a full service firm that handles commercial and residential properties, financing and structuring Deferred Sales Trusts. With licenses in New York and New Jersey, Centum offers comprehensive professional in-house underwriting of assets to ensure that transactions happen in an efficient and profitable manner. Centum offers a full range of specialties with brokers who specialize in Self Storage, Retail, Senior Living, Hospitality, Multi-Family, etc. in New York and Northern New Jersey. Michael Mueller is the Broker of Record in the New York office while Otis Duffy is the Broker of Record for the Hoboken, NJ office while also maintaining a Broker’s license in New York.
Centum Real Estate Group LLC is a full service firm that handles commercial and residential properties, financing and structuring Deferred Sales Trusts. With licenses in New York and New Jersey, Centum offers comprehensive professional in-house underwriting of assets to ensure that transactions happen in an efficient and profitable manner. Centum offers a full range of specialties with brokers who specialize in Self Storage, Retail, Senior Living, Hospitality, Multi-Family, etc. in New York and Northern New Jersey. Michael Mueller is the Broker of Record in the New York office while Otis Duffy is the Broker of Record for the Hoboken, NJ office while also maintaining a Broker’s license in New York.
