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Manhattan, NY GFP Real Estate, LLC made known that Stuf Storage has signed a new 10-year lease for 7,828 s\/f at 10 Astor Place in the NoHo neighborhood.<\/p>\n
Stuf will occupy 736 s\/f on the ground floor and 7,092 s\/f in the building\u2019s basement, where it will open a new self-storage facility designed to serve nearby residents, students and small businesses.<\/p>\n
The lease marks the latest addition to GFP Real Estate\u2019s tenant roster at the historic Astor Place property and reflects continued demand for flexible service-oriented uses in high-density downtown neighborhoods. The transaction brings the building to 100% leased.<\/p>\n
Neith Stone and David Kaye of GFP Real Estate represented ownership, GFP Real Estate, and the tenant in the transaction.<\/p>\n
\u201cActivating underutilized space in a way that adds value to both the building and the surrounding neighborhood is always a win,\u201d said Stone. \u201cStuf\u2019s model is a smart fit for this property and this location.\u00a0 With NYU and several dense residential communities nearby, we believe the facility will serve a real need while enhancing the overall functionality of the building.\u201d<\/p>\n
Stuf Storage specializes in converting underutilized areas within existing buildings \u2014 such as basements and lower-level spaces \u2014 into professionally managed storage facilities.\u00a0 The company\u2019s model allows property owners to generate revenue from spaces that would otherwise remain dormant while offering nearby residents convenient storage solutions.<\/p>\n
\u201cThis location is everything we look for, a high-density neighborhood, a landmark building and a real estate partner who understands the value of activating unused space,\u201d said Katharine Lau, CEO and co-founder of Stuf Storage. \u201cWe\u2019re excited to bring our storage platform to Astor Place and serve the surrounding community.\u201d<\/p>\n
The new facility will feature approximately 80 storage units ranging from roughly 3\u00d75 ft. to 10\u00d712 ft., providing flexible storage options for residents, students and small businesses in the area. The Astor Place facility will mark Stuf\u2019s 11th location in New York City, further expanding the company\u2019s footprint in space-constrained urban neighborhoods.<\/p>\n
Located at the crossroads of Greenwich Village, NoHo and the East Village, 10 Astor Place sits just steps from New York University and some of downtown Manhattan\u2019s most vibrant residential and commercial districts. The area\u2019s dense population and limited apartment storage capacity have helped fuel growing demand for neighborhood-based storage services.<\/p>\n
Originally constructed in 1876 by architect Griffith Thomas, 10 Astor Place is a seven-story, 156,000 s\/f neo-Grecian building that was originally built as a factory and printing facility.\u00a0 The property features loft-style floor plates, high ceilings and windows that provide natural light. The building\u2019s location in NoHo places it within walking distance of Washington Square Park, NYU and subway lines serving downtown.<\/p>\n","protected":false},"excerpt":{"rendered":"Manhattan, NY GFP Real Estate, LLC made known that Stuf Storage has signed a new 10-year lease for…\n","protected":false},"author":2,"featured_media":169276,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,83,9,24,63],"class_list":["post-169275","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/169275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=169275"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/169275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/169276"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=169275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=169275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=169275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}