Stallone-backed boxing gym Rumble inks lease for entire UES building

The fitness chain picked SMA Equities property for third Manhattan outpost

May.May 22, 2017 11:10 AM

1495 Third Avenue and Sylvester Stallone (Credit: Getty Images)

Rumble, the trendy boxing gym concept backed by investors such as “Rocky” star Sylvester Stallone and Justin Bieber, has inked a deal for its third Manhattan location.

The chain is leasing an entire five-story building owned by landlord Samy Mahfar at 1495 Third Avenue between East 84th and 85th streets, sources told The Real Deal. The 12,500-square-foot, 10-year deal is valued at about $1 million a year, sources added.

Rumble already has a location in Chelsea and is planning to open another in Noho this summer.

Inside a Rumble Boxing Gym (Credit: Rumble via Facebook)

The company was founded in 2016 by Noah Neiman of Bravo’s “Work Out New York”; Eugene Remm of EMM Group, the company which owns the Meatpacking District hotspot Catch; Andy Stenzler, co-founder of Cosí; and Anthony DiMarco, a former executive at Google.

Darrell Rubens and Lee Block of Winick Realty Group represented Mahfar’s SMA Equities in the deal. Rumble was represented by Brandon Berger of RKF.

Mahfar bought the building for $18.2 million last year after its former owner and longtime tenant, the mirror and antiques shop S. Cavallo, let it fall into disrepair.

The new location is slated to open later this year.

(To view more retail leases brokered by Winick Realty Group, click here)

(To view more retail leases brokered by RKF, click here)

Related Articles

Brookfield Asset Management CEO Bruce Flatt

“We underwrite every investment like we’re going to hit a recession”: Brookfield CEO

Cadre founder Ryan Williams and Allen Smith

Cadre brings on former Four Seasons CEO as president

AKS Capital Partners Managing Partners Aaron Appel and Walker & Dunlop CEO Willy Walker

Walker & Dunlop acquires Aaron Appel’s AKS Capital Partners

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

250th Issue

The Real Deal celebrates 250 issues

Neir’s Tavern (Credit: Google Maps)

City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline

Neir's Tavern (Credit: Google Maps)

Landlord to bar owner: You don’t have to go home but you can’t stay here