development investment sales parking

who we are The principals of our development group, Sidney Rosenthal, Jonathan Miller, and Adam Courtney, combine the wisdom and experience of two 40-year careers assembling sites for development throughout Manhattan, and the enthusiasm and entrepreneurial spirit of a young career in real estate development. Land is at a premium in the City. It takes a keen understanding of the process of developing sites to maximize value—and the ability to manage the myriad details in accomplishing the transaction to achieve that goal.

what we do

Lee NYC Development locates suitable sites available for development or in need of redevelopment. We recognize opportunity in underutilized parcels or properties. We rely on our relationships to attract developers appropriate and capable of developing particular sites for investors and owners to achieve their financial objectives.

what we’ve done

Our history and reputation were forged by accomplishing some of Manhattan’s most notable site assemblages, land sales, and developments, including The Sony Building, 9 West 57th Street, Park Avenue Tower, Barney’s, Nike Town, and numerous high-rise office buildings and apartments. We have been active in every area of Manhattan—in some cases, re-selling developed sites many times over as owners change their investment needs.

how we’ve done it Our expertise—beyond that acquired by sheer experience—lies in a vision for a property and a creative approach in turning that vision into a profitable reality. We have sold and developed every conceivable type of property for every type of client, including US and foreign government entities, not-for-profit organizations, for-profit organizations, investment partnerships, and single-site owners. We have the experience to create a unique development strategy. We are dedicated to delivering excellent results in terms of design, construction, budget, and return on investment. We expect nothing less from our developer relationships and will promise nothing less to our clients.

select assemblages and land sales

Tishman Realty 919 Third Avenue 45,000 sf site for office building development* Sheldon Solow 9 West 57th Street 60,000 sf site for office building development**

Negotiated long-term land lease at 406 Third Avenue for development of 12,000 sf site for apartment house development by Donald Zucker. Assembled 301 East 82nd Street, a 17,000 sf site to Charles Benenson for apartment building development. Assembled 265 East 66th Street, a 33,000 sf site for apartment building development by Sheldon Solow. Sale of 30 West 61st Street, a 16,000 sf site for apartment building development by Daniel Brodsky.

S. Minskoff & Sons 900 Third Avenue 25,000 sf site for office building development

Assembled 56-70 East 55th Street, a 16,000 sf site for Howard Ronson for development of Heron Tower office building development.

Tishman Realty 520 Madison Avenue 50,000 sf site for development of Continental Illinois Tower

Negotiated land lease at 101 Avenue of the Americas from Trinity Church to Edward Minskoff to develop a 30,000 sf site for a 426,000 sf building.

Stanley Stahl for development of the AT&T Building (now Sony Building) 550 Madison Avenue 40,000 sf site

Assembled 475 Park Avenue South, a 30,000 sf development site for office building development by Cohen Bros.

George Klein 65 East 55th Street 40,000 sf site for development of the Park Avenue Tower office building Cohen Brothers 300 East 74th Street 25,000 sf site for apartment building development Loews Corp Tower 58 16,000 sf site for apartment building Tishman Realty for Blue Cross 622 Third Avenue 30,000 sf site for office building development Donald Zucker Sale of 280 Park Avenue South 35,000 sf site to for apartment development

*Won The Real Estate Board of New York’s Most Ingenious Deal of the Year award 1967 **Won The Real Estate Board of New York’s Most Ingenious Deal of the Year award 1968

Assembled 300 East 58th Street, a 25,000 sf site for office building development by Richard Kalikow. Assembled 1155 Sixth Avenue, a 35,000 sf site for office building development by The Durst Organization. Assembled 60,000 sf at Peck Street and Pearl Slip for Tishman Realty (vacant – currently owned by Milstein). Assembled 7,500 sf site at 50-54 West 58th Street for Hadassah headquarters. Sold 7,500 sf site at 19-21 West 56th Street to the American Cancer Society for their headquarters building. Assembled 22,500 sf site at 780 Third Avenue for Stanley Stahl. Sold 5,000 sf site at 50th Street and Broadway for a hotel development.

520 Madison Avenue 500 Fifth Avenue 720 Fifth Avenue 460 Park Avenue 80 Park Avenue 352 Park Avenue

1065 Park Avenue 444 Madison Avenue 660 Madison (Barney’s) 265 Madison 860 Madison 1780 Broadway

biographies the development team Sidney Rosenthal Principal and Executive Managing Director Sidney Rosenthal joined Lee & Associates NYC as a principal and executive managing director in its investment sales group in 2011. Over the course of his 40-year career in commercial real estate, he has arranged the assemblage of over 30 building sites in Manhattan, including the site for the Sony Building, Park Avenue Tower, 520 Madison Avenue, 919 Third Avenue, and 9 West 57th Street. He has also served as a consultant for a distinguished roster of corporate clients, including Citicorp, Mutual of New York, and New York Hospital. Mr. Rosenthal has been active in the parking business, representing Meyers Brothers Parking Corporation, and Hertz and Kinney Parking as a consultant for site locations and acquisitions. Mr. Rosenthal has been the recipient of two consecutive “Most Ingenious Deal of the Year” awards from the Real Estate Board of New York; first, for the assemblage of the site for 919 Third Avenue and, second, for the site for 9 West 57th Street. He is a long-time New Yorker.

JONATHAN MILLER Principal and Executive Managing Director Jonathan Miller joined Lee & Associates NYC (Lee NYC) in 2011 as Executive Managing Director in its investment division. He has been selling investment real estate for over 40 years, completing transactions aggregating more than $1 billion. Mr. Miller has sold investment real estate representing every sector of the industry, including office buildings, apartment buildings, shopping centers, garden apartments, hotels and retail condominiums, and assembled development sites. His specialty is the sale of land subject to long term net lease under prime New York buildings. A partial list of these transactions includes land under The Trump International Hotel at Columbus Circle, land under Nike Town on 57th Street, land under 720 Fifth Avenue (three transactions), and land under 460 Park Avenue at 57th street (two transactions). Mr. Miller also assembled the easterly block-front on Third Avenue between 60th and 61 Streets for sale. In addition to conducting investment sales in New York City, Mr. Miller has sold real estate in Chicago (The Ambassador East Hotel), Marin County, CA, and Housto. Mr. Miller was awarded the Most Ingenious Deal of the Year Award by the Real Estate Board of New York (REBNY) for a transaction involving the creation of the flagship store for Barney’s New York at 61st Street and Madison Avenue. REBNY also recognized another creative transaction involving a sale to the United Nations of a property on First Avenue and 45th Street, across from the UN. Mr. Miller is a past Chairman of the Sales Brokers Committee of REBNY and has taught real estate investment courses at the New York University Real Estate Institute for 10 years.

ADAM COURTNEY Investment Sales Associate | Public Arts Consultant Adam Courtney joined Lee & Associates NYC as an associate in its investment sales and development group, where he focuses on commercial sales, parking, and site development. Prior to his career in commercial real estate, Mr. Courtney was a consultant to national and international non-profit organizations for 12 years, specializing in audience and community development primarily targeting the 18 – 45-year-old professional demographic. In his nonprofit work, he created marketing strategies in all media, including print, social, and web helping not-for-profit entities make effective use of social capital to express their missions, increase their outreach, and enhance their resources. But commercial real estate is in his blood. Mr. Courtney is a third generation real estate developer; for three generations, his family has developed real estate in Tucson, AZ, specializing in large-scale retail and office condominiums. Mr. Courtney holds the Bachelor of Fine Arts in Photography from Parsons School of Design and the Master of Public Arts Studies and Management from the University of Southern California.

contact info SIDNEY ROSENTHAL Executive Managing Director | Principal Lee & Associates NYC Direct: 212.776.1286 [email protected]

Jonathan Miller Executive Managing Director | Principal Lee & Associates NYC Direct: 212.776.1287 [email protected]

ADAM COURTNEY Investment Sales Associate | Public Arts Consultant Lee & Associates NYC Direct: 212.776.1230 [email protected]

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