Royal Properties, Inc. is pleased to announce that Rick Stassa has brokered three deals in Bronx, New York.

Helping Hand Day Center signed a 20-Year lease for 10,000 square feet at 564 E. 166th Street in Bronx, NY. They plan to open the 1st quarter of 2018. Helping Hand Day Center is an adult day care and will be building this new site from raw space. 564 E. 166th Street is a 5-Story Multi-Family apartment complex with 46 units. Neighboring retailers include USPS, Retro Fitness, Popeyes Louisiana Chicken and McDonald’s. Karnit Mosberg and Rick Stassa of Royal Properties, Inc. represented the Landlord in this transaction.

Caring People signed a 3-Year lease with a 2-year option for 1,400 square feet in the Poe Building at 2432 Grand Concourse in Bronx, NY. Caring People is a family-owned and operated licensed home care agency that has proudly served over 25,000 clients over the last two decades. They have a number of care-based services and several types of skilled professionals that aim to deliver care with the highest degree of compassion, understanding and commitment. Rick Stassa and Karnit Mosberg of Royal Properties, Inc. represented both the landlord and tenant in this transaction.

Praxis Housing Initiatives signed a 10-Year lease for 3,825 square feet at 369 E. 148th Street in Bronx, NY. Praxis is relocating their Bronx office to 148th Street for better access to public transportation and the convenience of a lower rental rate. Praxis plans on opening in the 4th quarter of 2017. 369 E. 149th Street is in the Hub with proximity to great bus and subway transportation. Praxis Housing Initiatives is NYC’s largest provider of transitional housing to homeless people with HIV/AIDS and is one of the city’s lowest cost/highest service housing providers. They house nearly 400 people a night and approximately 1,200 homeless individuals with HIV/AID each year. Rick Stassa of Royal Properties, Inc. was the sole broker in this transaction.

“We are seeing a surge in the Bronx office market. This is partly driven by the increase in proposed and existing housing developments.” states Rick Stassa or Royal Properties, Inc.

Rick has great knowledge of commercial real estate activity in the Bronx and has completed 9 transactions in 2017 with several more deals in various stages. For additional information, please contact Rick Stassa at 914-237-3400, Ext. 107 (Rick@RoyalPropertiesInc.com).

Royal Properties, Inc. is a retail brokerage and consulting company specializing in the placement of retailers throughout New York, New Jersey & Connecticut. To learn more about Royal Properties, Inc., please call 914-237-3400 or visit our website at www.royalpropertiesinc.com.