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530 Seventh Scheins

New York

Want to get a jump start on upcoming deals? Meet the major New York City players at one of our upcoming events!

530 Seventh Scheins
YREPNY's Mike Strug, Ackman-Ziff's Rick Lechtman, YREPNY's Erik Dowling, ScheinMedia's Jonathan Schein, and FTI Consulting's Justin Sutter
We know real estate's tough, but do these guys have to resort to bank robbery? Unfortunately for YREPNY's Mike Strug, Ackman-Ziff's Rick Lechtman, YREPNY's Erik Dowling, ScheinMedia's Jonathan Schein, and FTI Consulting's Justin Sutter, the vault's empty—but its home, 530 Seventh Ave., offered great networking space for ScheinMedia and NYinc's “Cocktails and Conversations” event Thursday night, attracting over 200 professionals from the industry. The Art Deco building was formerly home to Manufacturers Hanover Trust, which later became Chemical Bank. Most recently, the mezzanine floors were home to apparel company Danskin's showroom. Now the vacant 28.7k SF space, which includes two floors, the vault, and an optional 1k SF retail portion, is up for grabs. Fun fact: the vault's door was made by Mosler Safe Co., once run by Cushman & Wakefield co-chairman Bruce Mosler's father.
Savitt Partners' Michael Dubin, Robert Conover, Bob Savitt, and Marc Schoen
530 Seventh owner Savitt Partners' Michael Dubin, Robert Conover, Bob Savitt, and Marc Schoen. Bob tells us that the building is now 100% leased, with a waiting list. Fashion tenants include names like Perry Ellis, Li & Fung Group, and Max Mara. Its recent deals include fashion/beauty PR firm Ogan/Dallal Associates' 1.7k SF relocation and Jones Apparel's 1.7k SF renewal and extension. The mezzanine floors, being marketed in the mid-$40s/SF, have already attracted the attention of fashion and creative services firms, he adds.
The Real Estate Education Center's Mark Gilman, The Governance Group's Bob Gandel, and Walker Parking Consulting's Carrie Krasnow
The Real Estate Education Center's Mark Gilman, The Governance Group's Bob Gandel, and Walker Parking Consulting's Carrie Krasnow. Mark reports that his school—which offers broker licensing, continuing education, property management training, and appraisal courses—opened a new location at 144 W. 37th St. Headhunter Bob says there's been a large pick-up in companies' need for good real estate talent, and he just placed a building consulting team in a major third-party services firm. And Carrie, whose company designs parking systems, tells us that automated parking is the new trend, offering a space-saving option to properties with little real estate to spare.