Tag: Shared Workspace

A formerly vacant three-story office building in Garden City has been reimagined and transformed into an upscale coworking concept. 

Dubbed The Franklin, the 19,160-square-foot building on .14 acres at 1051 Franklin Ave. was originally built in the 1950s and went through a recently completed $4.5 million renovation. 

Originally placed on the market for sale, the property drew significant interest from investors and businesses. However, Giuseppe Gregorio and Luca DiCiero of NY Space Finders, who brokered the listing, received feedback about the property’s location and the increasing demand from professionals seeking office environments outside of Manhattan. 

“People were coming back to the office—just not necessarily to the city,” said Gregorio. “We saw a real opportunity to create something unique right here in Garden City.” 

The brokers advised the Queens-based owners not to sell the building, but to renovate it instead. Assisted by underwriting and consulting led by their NY Space Finders colleague Nick Evangelista, they created the coworking office concept. 

The shared-office model offers furnished private offices, conference rooms and lounge areas. Featured amenities include high-speed internet, kitchen, mail handling, printing and scanning facilities, on-site parking and 24-7 access. 

“We designed The Franklin to feel like a piece of Manhattan in Garden City—clean, modern, and built for how people work today,” Evangelista said. “It’s not just another office building; it’s a workspace experience.” 

The brokerage firm liked it so much; they leased 1,200 square feet at the building for their newest office. 

The coworking industry has been growing. As of the third quarter, there were 8,420 coworking locations across the U.S., that includes 64 coworking locations on Long Island totaling about 960,000 square feet, according to CoworkingCafe.com. Despite reaching 150 million square feet across the U.S., shared office space facilities make up just 2.1 percent of all office space nationwide. 

The available spaces at The Franklin range from as small as 100 square feet to as much as 2,050 square feet. Monthly rates range from $1,900 to $3,800. NY Space Finders is handling the leasing of the offices. 

“With state-of-the-art amenities, convenient access, and a prime location that supports both employees and clients, this building provides an ideal environment for productivity and growth,” Gregorio told LIBN. “Companies moving here can benefit from a professional workspace that fosters collaboration while positioning themselves in one of Long Island’s most desirable business hubs. 1051 Franklin Avenue is not just an office—it’s a strategic move for the future of your business.”