Justin DiMare joined Newmark in 2003 working in asset management at the firm’s New York headquarters. Since 2005, DiMare has been with Capital Markets, where he specializes in investment property sales and development advisory services within the New York Metropolitan Area. He also focuses on representing local, medical and educational institutions.
DiMare is an integral member of the Capital Markets team of professionals, with institutional clients such as Memorial Sloan-Kettering Cancer Center (MSKCC) and Mount Sinai Medical Center. He has been involved in the completion of sale and lease transactions valued in excess of $4.0 billion. Recent deals include a land swap negotiated between the city of New York, MSKCC and Hunter College at 525 East 73rd Street, a record land sale in Greenwich Village at 17 East 12th Street, a landmark ground lease of 61 Ninth Avenue in the heart of NYC’s meatpacking district, and the Bronx’s largest land sale at 586 River Avenue to Success Academy.
Recent Sales and Leases
- 45 Rivington Street: Net lease of 157,000 SF to Mount Sinai Medical Center
- 586 River Avenue: Sale of 300,000 SF development site to Success Academy
- 61 Ninth Avenue: Ground lease of 130,000 SF site to Vornado and Aurora Capital
- 525 East 73rd Street: Sale of 820,000 SF development site from NYC New York City to a partnership between MSKCC / Hunter College
- Cabrini Medical Campus: Sale of 452,000 SF property for MSKCC
- 4650 Broadway: Net lease of 60,000 SF to School in the Square Charter School
- 80 Willoughby Street: Net Lease of 70,000 SF to Brooklyn Prospect Charter School
- 250 Jay Street: Net lease of 35,000 SF to Beginning with Children Charter School
- 443 East 115th Street: Net lease of 26,000 SF to Storefront Academy Charter School
- 341 39th Street: Net lease of 35,000 SF to Brooklyn Prospect Charter School
- 51 Astor Place: Lease of 25,000 SF to Girls Preparatory Charter School
- 212 West 95th Street: Lease of 12,000 SF to West Side Montessori School
- Cascade Linen Factory, Brooklyn: Sale of 352,000 SF development site
- 385 Gerard Avenue, Bronx: Sale of 280,0000 SF building to Public Storage
- 28-20 Borden Avenue LIC: Sale of 156,000 SF development site leased to Fed Ex
- 50 Varick Street: Sale of 127,260 SF conversion property for Verizon
- 210 West 18th Street: Sale of 126,000 SF conversion property for Verizon
- 31 West 15th Street: Sale of 125,000 SF development site for UNITE NY/NJ
- 412 East 90th Street: Sale of 115,000 SF development site to The Spence School
- 45 East 33rd Street: Sale of 83,000 SF site for the Jewish Daily Forward
- 700 Broadway: Sale of 80,000 SF office building to Weitz & Luxenberg
- 408 Broadway: Sale of 75,000 SF office building to United American Land and LIBI
- 327 East 64 Street: 100,000 SF Hertz garage development site sale to MSKCC
- 17 East 12th Street: 49,834 SF garage sold for record price psf for Term Security
- 318 West 48th Street: Sale of 45,000 SF development site to Singapore Govt
- 808 Broadway: Sale of 24,000 SF retail condominium
- Citibank Retail Portfolio: Sale/leaseback of 73 bank branches in Metro NY, Citibank
- 408 Broadway: Lease of 28,500 SF with IDEO
- 37-22 82nd Street, Queens: Lease of 15,000 SF to Mount Sinai Medical Center
- 512 West 23rd Street: Lease of 10,800 SF to NYC Fire Department
- 55-01 Second Street LIC: Lease of 75,000 SF to City Harvest
- 515 West 20th Street: Lease of 10,000 SF to Soho House
- 770 Lexington Avenue: Lease of, 25,000 SF to Mount Sinai Medical Center
Professional Affiliations
DiMare is a member of the Real Estate Board of New York and the Young Alumni Leadership Council at NYU.
Education
DiMare earned a master’s degree in real estate investment from New York University and Bachelor of Science degree from Pace University majoring in both Finance and Information Technology.