VOICE OF EXPERIENCE

When you've been through 10 recessions, you become a cycle pro. Since Kennedy was president, we've seen a recession every five orsix years, says MLBKaye International Realty's Lewis Kaye, whose firm is celebrating its 44th anniversary this year—but none of them are like today's, where one thing continues to feed off of another.Vacancies are more serious in what used used to be just a Downtown problem, and we're not seeing loans.
We snapped Lewis with his wife and business partner Marilyn, when he was honored as “Male Pioneer of the Year” by NY Residentialmagazine in September. Lewis tells us that the market will improve when lending loosens up again, but it's hard to tell when that will happen. Despite the market, Lewis was recently able to arrange three deals: a 1.5k-SF deal for Portrait Bug at 2466 Broadway; a 500-SF deal for Verizon dealership MLC at 2464 Broadway, and Eisen and Schulman's 3.5k-SF lease at 18 East 48th St.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Texas Flips Blue, Putting Data Center Boom On Notice

Hynes Vows To Bring Property Tax Stability As New Cook County Assessor

Donalds Makes History With Win For Florida Governor, Voters OK Property Tax Amendment

Supertall Assemblage Comes Together At Long-Vacant Midtown Site: The N.Y. Deal Sheet

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

Banks Are Manhattan's Latest Hot Retail Tenant

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

RXR Marketing Executive Lauren Maturo Dies At 32

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Meet Bisnow's 2026 New York Power Women Honorees