What is a good guy clause? →
“As long as I pay the rent, I can leave whenever I want, that’s a Good Guy Clause, right?” That statement is wrong, and it’s a common misperception. A Good Guy Clause is a personal guarantee that protects you when you break the lease. However, typically there are certain conditions that a landlord will want you abide to. Firstly the landlord will probably make you...
I was profiled in the Brownstoner for my work in... →
Broker Envisions a Music District for Industry City It’s been reported that Sunset Park’s Industry City, which has 6 million square feet of warehouse space geared toward creative tenants, has had a hard time finding tenants. (Not surprising, perhaps, give how huge the complex is.) Butbroker Jon Brooks thinks the warehouse space may have potential as a future music district, and he has started...
Coming Soon: New Music District in Sunset Park,... →
The Problem: The lack of spaces in Brooklyn that can service musicians in the city due to high rents, noise complaints, and landlords who don’t want to give long leases. The Solution: I’m working with Industry City to create a music district in the amazing commercial loft spaces in Industry City in Sunset Park. Owners are looking for new music businesses. Owner is willing to do a...
Who pays the commissions in the commercial lease?
If you speak to an agent, that’s an important question that should always be asked. There are no concrete answers. It really depends on the kind of market is in the area that your looking for property . I can only speak for myself when I say 95 percent of the properties I offer, I don’t charge the tenant a fee. I always make it clear before I offer I offer a property where I charge...
How to calculate your rent to revenue ratio? →
This is very important to calculate whether this space your business is occupying is truly makes sense to your bottom line.
I brokered a transaction in Greenpoint with these amazing group of musicians who formed theendnyc.com. Here is a profile of their space.
9 Things You Should Do Before You Lease Office... →
Some great pointers you should consider.
Made the NY TIMES! Completed deal in Williamsburg!
I completed a transaction in Williamsburg Brooklyn, representing the tenant, Bandspaces NYC. This deal pushed Bandspaces NYC to be the largest music rehearsal studio in NYC. From NY Times Click here to go to website
Options! Tenants, grab em while you can!
Options in life are a great thing. Who wants to be pigeon holed? When you are leasing a commercial property, options for a tenant is a good thing. My advise is to always ask for them and push the limits. A tenant’s option I’m referring to in a lease is in reference to the option to extend the amount of years you can remain in the space. For instance you sign a five year deal with a...
Commercial Leases: The Question of Security
If your looking to lease a warehouse, retail location, or office space, you should be prepared to put up security. How much security will you have to pay? Technically, it’s negotiable and there is no required amount. With that being said, typically on a commercial lease in NYC, a landlord will expect at least 2 months security. However there are many circumstances where a landlord...