Art gallery inks lease at Marolda Properties building

Diamondcity to pay $515 per square foot

From left: Faith Hope Consolo And 958 Lexington Avenue
From left: Faith Hope Consolo And 958 Lexington Avenue

Pastel prints will have to make way for dazzling artwork on the Upper East Side.

Contemporary art gallery Diamondcity signed a lease to open up at Marolda Properties’ 958 Lexington Avenue — Located Near East 70th Street — where it will replace former tenant, clothing retailer Roberta Freymann, according to the New York Post. The roughly 1,000-square-foot space is priced at $515 per square foot.

Diamondcity started online — where it launched its “jewelry for the walls” collection — and this is its first brick and mortar location.

Douglas Elliman’s Faith Hope Consolo and Joseph Aquino represented both tenant and landlord in the deal, the newspaper reported.

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In August, the state Division of Housing and Community Renewal launched an investigation into Marolda for allegedly forcing tenants out of rent-controlled apartments. In 2012, the landlord sold off a Nolita portfolio for $33.5 million. [NYP, 2nd] — Claire Moses