The Real Deal New York

Kids complex to take Northside Piers retail space

February 05, 2013 05:30PM

Toll Bros.’ Northside Piers residential tower

Attention Williamburg parents. New York Kids Club, a privately-held day camp, preschool and party site, is on the cusp of purchasing a retail condominium at the Toll Bros.’ Northside Piers residential tower, Crain’s reported.

The condo includes 5,300-square-feet on the ground floor and a 3,900-square-foot basement. The asking price was $3.6 million, however, the contract New York Kids Club will sign will be closer to $2.8 million, brokers told Crain’s.

The 12-year-old Kids Club has been expanding in recent months, Crain’s said. It recently signed a lease for 4,200 square feet of space at 88 Leonard Street in Tribeca at $42 a square foot. The company has seven other locations throughout Manhattan and Brooklyn.

“We’re in talks with a lot of developers to take prospective community-use space in their developments,” Neal Ohm, who brokered the deal, told Crain’s, noting that the company might expand further. “It’s a great opportunity for landlords from a use perspective.”

As previously reported, the dollar volume of Brooklyn investment sales jumped 106 percent in 2012 compared to the year before. [Crain’s]Hayley Kaplan

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