Transaction amount: $$84,000,000
David E. Ash, Zachary L. Baraf, and Alexandru M. Trambitas represented Lyric Hospitality in their first New York City investment, arranging a long-term lease for over 100 commercial units at 70 Pine. Lyric is an upscale flex-travel brand partnering with landlords through long-term leases which they rent out to short-term and transient tenants. The property also has residential apartments above the commercial units which were not included in the lease.
LYRIC Hospitality NYC Flagship
70 Pine St, New York, NY 10005