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Deals & Dealmakers

Senior services group inks 10-year Bronx lease

Neighborhood Self Help by Older Persons Project (SHOPP) and Denham Wolf Real Estate Services  announced the signing of a 10-year lease in the Longwood neighborhood of the Bronx, where they will continue to serve older adults, caregivers, and Bronx residents for years to come.

SHOPP’s new office is within their target Bronx-based community district and will support the behind-the-scenes and administrative work that goes into serving the elderly community.

Located at 975 Kelly Street in the Bronx, SHOPP’s new office provides modern and high-quality accommodation for its team in which to perform their important work. The new location, featuring floor to ceiling windows and central air conditioning, was fit out by the landlord to meet SHOPP’s specific needs.

“This marks an important milestone in our goal to provide more safe and affordable housing to seniors in New York City. The new space at 975 Kelly Street marks an important milestone for our growing agency,” said Katherine Martinez, president and CEO at NSHOPP. “It allows us to access essential space for our growing programs that provide vital services in keeping our vulnerable New Yorkers safe, connected, and informed.”

An upcoming lease expiration provided SHOPP with the opportunity to reassess their physical space and think strategically about how to best serve their clients. SHOPP engaged Denham Wolf to identify and evaluate compatible relocation sites. Facing an extremely tight geographic boundary in a neighborhood with limited inventory, Denham Wolf was creative with their search and identified a space to accommodate SHOPP’s programmatic requirements – in turn allowing the nonprofit to reduce overhead and strategize for the future.

Additionally, Denham Wolf successfully negotiated terms that provided the tenant some rent protection in the event of another lockdown and an option to support future expansion within the building.

“Neighborhood SHOPP offers the Bronx community essential social services and finding the perfect location to allow them to continue their work was a vital aspect of our partnership,” said Christopher Turner, Director of Denham Wolf. “We are proud to have provided Neighborhood SHOPP with a strong, financially sound option for their office space, which will allow them to serve clients well into the future.”

Neighborhood Self Help by Older Persons Project, Inc. (SHOPP) has been serving the Bronx community since 1980. Its mission is to promote the independence and the mutual assistance of older adults, caregivers and the disabled by offering activities and social supports which empower its participants to remain active, restore productivity, and enhancing their quality lives while remaining safe in their communities.

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