2 CROSBY - OFFICE
32 HOWARD - Retail
Howard X Crosby is a newly renovated commercial office and boutique retail development in the heart of SoHo. With a world-class vibrant scene just steps away, this address represents everything that makes Soho one of the most desirable neighborhoods. Featuring impeccable finishes, and stunning design, the spaces showcase pre-built offices outfitted with all the amenities your business needs, so your team can begin working from day one.
Make your way upstairs to the duplex Penthouse. This exclusive space showcases unparalleled panoramic views and the opportunity to relax through the work day.
Our modern offices balance both form and function: the bright, open space is perfect for team collaboration and events.
Modern kitchen space features an excellent place to take a break, have an impromptu meeting or hold post-work cocktails with clients.
Well-appointed private spaces allow team members to take an important call or simply find focus with a little alone time.
Each space is outfitted with the latest interior design touches making it both modern and comfortable.
Built with ultimate luxury in mind, the entrance details make an immediate impression of streamlined modernity.
Cobblestones. Cast-Iron. Boutiques. Lofts. Culture. Commerce. SoHo is a playground for creative types and one of the most desired neighborhoods in the world to live and work.
Conveniently located steps away from transit, and some of the best retail and dining options that New York has to offer.
1. ROMAN AND WILLIAMS GUILD
2. OPENING CEREMONY
5. LE COUCOU
6. OSTERIA MORINI
7. TOMINO TABERNA GALLEGA
8. UNCLE BOONS
10. 11 HOWARD
11. CROSBY STREET HOTEL
12. NOMO SOHO
13. THE SOLITA HOTEL
“OLD WORLD CHARM,
NEW WORLD AMENITIES"
Entire PH: 1,960 RSF*
Partial 5th: 3,830 RSF*
Entire 4th: 7,475 RSF
Entire 3rd: 7,475 RSF
Partial 2nd: 3,906 RSF
Total: 24,646 RSF
*Must be leased together
Greg Kraut and Rod Kritsberg’s K Property Group and Boston-based Intercontinental Real Estate Corporation bought two adjoining commercial buildings in Soho for $46 million. The firms plan on renovating and combining the properties, according to sources. The deal for 30-32 Howard Street, which closed Tuesday, is K Property Group’s second major acquisition following its $31.5 million buy of the Sunshine Cinema with East End Capital last year.
Real Estate Finance & Investment
Rod Kritsberg, managing partner of New York-based K Property Group, believes that the time is right to buy retail in the city. The firm focuses on high-demand neighborhoods in Manhattan, seeking opportunities to acquire prime, high street retail – but only if the company can make a deal at a steep discount from previous market highs.
Howard Street is a four-block stretch in Soho that has some of the best shopping in the city—and is thriving despite the neighborhood’s retail woes.
Get off the 6 train stop at Canal, head a block north, and there it is: Howard Street. After loosening yourself (and your wallet) with drinks at the Blond, you can sample vintage threads at Reformation, play around in Opening Ceremony and the avant-garde Rick Owens, and score the perfect pair of canvas furniture maker's pants alongside the perfect canvas furniture at M. Crow and Co.
Real Estate Finance & Investment
Investing in New York must be done with extreme care if you are not already a local expert, according to Gregory Kraut, managing partner at K Property Group. REFI Radio discussed with Greg the firm’s strategy of targeting under-performing non-stabilized properties and generating value through capital improvements and re-tenanting Class B office product and smaller spaces. The firm focuses on specific Manhattan submarkets where leasing has not caught up to capital markets.
212 359 0743
K Property Group (“KPG”) is a fully integrated real estate investment platform with asset management, leasing and construction management capabilities with over 35 years combined experience.
Our mission is to acquire and reinvest in value-add, retail and mixed-use properties. KPG targets underperforming, non-stabilized properties in New York City where KPG can generate value through capital improvements and strategic re-tenanting, resulting in NOI accretion.
KPG leverages its extensive network and market knowledge which supports a demonstrable history of unique, off market deal sourcing. This provides long term value to KPG’s partners and investors—both institutional and private.
617 782 2600
Intercontinental Real Estate Corporation is an SEC Registered Investment Adviser with decades long experience in real estate investment, finance, development, construction management and asset management. Since 1959, Intercontinental and its affiliates have managed, developed, or owned collectively over $10 billion in real estate property. Today, Intercontinental manages a real estate portfolio of approximately $8.5 billion for its clients. The Intercontinental portfolio is diversified both by robust property mix and by geography. Fund strategies actively seek opportunities to invest in both Core and Core-Plus properties, as well as in Value-Add operating properties and development projects.