Steve Kaufman and Barbara Raskob of the Kaufman Organization, the landlord at the 26-story property, represented themselves. Robert Gastel and Hugh Herman of Cushman & Wakefield Inc. represented the tenant.
[IMGCAP(2)]Cushman & Wakefield note that average class C average for the Times Square South area is $37.16 per sf. A Kaufman source tells GlobeSt.com that the "asking price for the space was in the high $30s per sf."
"We are pleased to have a remarkable organization like Teach for America in our building," Kaufman says in a prepared statement. "Teach for America's nearly 20-year presence in New York has helped increase the chance that all of our city's children will have access to a great education."
Built in 1926, the 349,000-sf building boasts a tenant roster that includes the NYC Transit Authority, Lucerne Textiles, AFA Protective Systems and the NY Elevator Co. Other features of the pre-war building include 24-hour electronic security and 24-7 accessibility.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
