A Look into NYC’s Commercial Real Estate — Transcript

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1. 0:00I've always wondered how commercial real
2. 0:01estate works. For example, here the
3. 0:02Rialto building, built in the 1920s, is
4. 0:05up for lease here in the heart of the
5. 0:07Garment District. But, what makes this
6. 0:09such a prime location?
7. 0:10the Times Square 42nd Street stations on
8. 0:12this block and on this block, on 7th
9. 0:13Avenue where there's really, really
10. 0:15amazing foot traffic and a business area
11. 0:17where there's a lot of need for these
12. 0:18office uses.
13. 0:19Let's check it out inside.
14. 0:20Let's go. Look at this lobby. They
15. 0:22really decorated this in style back in
16. 0:24the 1920s.
17. 0:25Beautifully kept marble. All right, so
18. 0:27now we're heading to the fourth floor.
19. 0:29What would people use this space for?
20. 0:30You can use this anywhere from business
21. 0:32as law firms, accounting, really, really
22. 0:34prime due to the, you know, exposed
23. 0:36brick, hardwood floor, and the 7th
24. 0:37Avenue street traffic and foot traffic.
25. 0:39arrange the space any way they want to?
26. 0:41They would be able to accommodate. The
27. 0:43landlord is willing to help out as well.
28. 0:44Oh, fantastic.
29. 0:45Um we can build offices, we can make a
30. 0:46conference room, a bathroom in the
31. 0:48shared space by the staircase, and
32. 0:50another private restroom over here. It's
33. 0:51a full floor, 5,700 square feet, very
34. 0:54open layout.
35. 0:55of envision here a cafe. I would love to
36. 0:58do that.
37. 0:58Stay curious, my friend.