Tribeca House - 53 Park Place 45 W Broadway 894 - 8,769 SF of Retail Space Available in New York, NY 10007

Ross Berkowitz is a Senior Managing Director with Newmark, specializing in both landlord and tenant representation in Manhattan.

Berkowitz represents many institutional investors, families and individual investors in transactions involving real estate and retail space. He has worked on behalf of Atlas Capital Group, The Durst Organization, Heller Properties, HUBBNYC, SL Green Realty Corp. and Stonehenge Partners, to name a few.

Recent notable transactions include the leasing of 14,000 square feet to Ulta Cosmetics at 2 Herald Square on behalf of SL Green Realty; 4,629 square feet of retail space and 1,314 square feet of LED signage to Line Friends; and 1,092 square feet of retail space to KIKO Milano at 1515 Broadway, also on behalf of SL Green Realty. On behalf of The Durst Organization, he arranged a lease with Nordstrom Rack for 47,000 square feet at 855 Avenue of the Americas. On behalf of SL Green Realty and Wharton Properties, he assisted in a 60,000-square-foot lease for Nike’s flagship at 650 Fifth Avenue. He also represented ownership at 72 Spring Street, where Amazon 4-Star signed a 5,100-square-foot lease and represented Hubb NYC in the leasing of 1,400 square feet at 136 Church Street to Los Tacos No. 1.

Among his tenant representation work, Berkowitz represented Saje Natural Wellness in its leases for a combined 1,100 square feet at 120 Prince Street and 156 Columbus Avenue.

In addition, Berkowitz has been involved in several investment sales transactions, including the sale of 102 Greene Street to SL Green Realty Corp, 1231 Third Avenue to Thor Equities, 27 West 72nd Street to JTRE Holdings and 267 West 34th Street to Vornado Realty.

Berkowitz joined Newmark in 2019, following parent company Newmark Group, Inc.’s acquisition of RKF. He began his real estate career with RKF in 2007.

Ariel Schuster brings 20 years of retail real estate experience to his role as a Vice Chairman with Newmark. He specializes in both landlord and tenant representation.

Schuster’s roster of landlord clients includes such prestigious owners as Acadia Realty Trust, Brookfield Properties, Edward J. Minskoff Equities, Extell Development, Invesco, The LeFrak Organization, Oxford Properties, Related Companies, Rockpoint, SL Realty Corp. and The Winter Organization, among others. He represented SL Green in most of the REIT’s recent high-profile retail leases, including Nike’s global flagship at 650 Fifth Avenue, Line & Friends at 1515 Broadway and Coty’s first-ever flagship at 719 Seventh Avenue in Times Square. He masterfully negotiated retail leases totaling approximately 100,000 square feet at four of Related Companies’ premier New York City assets and represented Edward J. Minskoff Equities on the 170,000-square-foot retail component at 270 Greenwich Street. On behalf of The Winter Organization, Schuster arranged 75 retail transactions, the most significant of which were leases with global retail giant H&M at 111 Fifth Avenue and Madewell at 115 Fifth Avenue.

Recently, Schuster arranged a string of luxury retail leases, including Santoni’s U.S. flagship at 762 Madison Avenue and A. Lange & Sohne’s flagship at 785 Madison Avenue. Representing ownership at 935 Madison Avenue, he set the record rents achieved on Madison Avenue north of 72nd Street when he secured Aquazzura, Golden Goose, Joe Bananas, Moynat and Nespresso.

Schuster devotes an equal amount of his practice to the real estate needs of tenants, including Aritzia, Foot Locker, Gap brands (Athleta, Banana Republic, Gap, Intermix, and Old Navy), Itsu, La Colombe, Manolo Blahnik, PetSmart, PF Chang’s, Pret A Manger, Uniqlo and Williams Sonoma. As the Gap brands’ representative in the New York metro area, Schuster has been responsible for 125 transactions on the client’s behalf, including the leasing of 81,000 square feet for the Gap and Old Navy global flagships located at 1530 Broadway, in the heart of Times Square. In 2010, Schuster completed the two largest supermarket leases in New York City: He secured Whole Foods Market as the retail anchor of a 1 million-square-foot development at 250 East 57th Street; and he completed Fairway’s 45,000-square-foot lease at 240 East 86th Street, establishing the expanding chain’s first Upper East Side location. In recognition of this contribution of Fairway to the growth of the Manhattan retail landscape, Schuster and his team received the REBNY Retail Deal of the Year award in 2010.

Schuster has also successfully completed many high-profile investment sales transactions. He represented both the seller and buyer in the $24.8 million sale of 85 Fifth Avenue. He also was part of the teams that arranged the sales of 347 Bowery, 127 Seventh Avenue and 682 Broadway. Leveraging his prolific leasing experience in SoHo, he completed the sales of 70 and 138 Greene Street; 63 and 138 Spring Street; and 434 Broadway.