News
49 YEARS FOR $150M
January 14, 2010
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| Aurora Capital Associates, headed by Bobby Cayre, together with partner Alex Adjmi, has acquired a $150M, 49-year master lease for four floors at 483 Broadway, comprised of 40k SF. The transaction encompasses the sub-basement, lower lever, ground floor, and second floor, three that are occupied by retailer Yellow Rat Bastard and the second that is vacant. The new holders’ immediate plan is to lease the second floor office space, while future plans call for combining the 40k SF into a major flagship retail space. Bruce Kaye repped building owner 483 Broadway Realty Corp in-house. |
