The Real Deal New York

Citi Habitats moves HQ to TF Cornerstone’s 387 PAS

Residential brokerage will take up 19,000 square feet, or the entire fourth floor, of the building
March 11, 2015 09:10AM

Residential brokerage Citi Habitats inked a lease for a new corporate headquarters at TF Cornerstone’s 387 Park Avenue South.

The firm is taking up roughly 19,000 square feet on the fourth floor of the building between East 27th and East 28th streets, which is a few blocks north from its current offices, according to the New York Observer. Citi Habitats is also leasing a 500-square-foot storage space in the basement.

Asking rents in the building range from the mid $70s to more than $80 per square foot.

Newmark Grubb Knight Frank’s Chris Mongeluzo represented Citi Habitats, while his colleague Matt Leon together with TF Cornerstone’s Chip Sealy represented the landlord. [NYO] — Claire Moses