Assuring continued and reliable cash flow requires conducting extensive tenant pre-screening. We thoroughly analyze potential tenant’s financial history and make time to understand their future business.
Weighing the virtues of immediate occupancy versus holding out for the right credit tenant whose business model fits our tenant mix, is more important for the long term success of that property. Spending the requisite time to capture the right tenants is an investment we chose to make, to ensure long term tenancy.
In addition to our own marketing efforts to lease our property, we effectively work with the brokerage community to market available space, and to properly target the right tenant mix to build a beneficial profile for the building.
Our strategy of holding significant cash reserves for each property allows us to hold out for the best creditworthy tenants and to mesh well with existing tenants. This method gives us leverage to negotiate for higher rents and lower tenant improvements, thus enhancing the reliability of cash flow and the overall value of their portfolio.
Many of our tenants are small to mid-size businesses, just like us. We make it our business to build personal relationships with the principals of each company, to make fair deals with our tenants so that they are successful.
19 West 21st Street Availabilites
121 West 27th Street Availabilites