Moving would be a missed steak: Sparks inks new 15-year lease at Midtown East digs

Restaurant won't close as feared

TRD New York /
Sep.September 11, 2017 01:08 PM

Sparks at 210 East 46th Street (Credit: Google Maps and Sparks Steakhouse)

Sparks steakhouse is holding onto its prime Midtown East location despite rumors that high rents would push the restaurant out.

The restaurant’s owner Michael Cetta signed a new 15-year lease for its space at the Durst Organization’s 210 East 46th Street, the New York Post reported. The terms of the deal weren’t available, but sources told the Post that the new rent is roughly 40 percent higher than under its former lease.

Sparks is renting 23,000 square feet in the building, where it’s been located for the last 40 years. The restaurant became especially well known in 1985 when Mafia boss Paul Castellano and an associate were shot dead on the sidewalk in front of Sparks.

The restaurant’s lease ended in August, and the owner feared that he’d have to relocate. Cetta told the Post in May that Durst wanted to increase its rent by 100 percent. [NYP]Kathryn Brenzel

Related Articles


“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Durst Organization chairman Douglas Durst in a coworking space

Durst Ready: Developer to launch flexible office space arm

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

The MTA says it has the funding to extend the Second Avenue Subway to East Harlem, and the real estate industry is thrilled. (Credit: Getty, iStock)

Developers see dollar signs in Second Avenue subway extension

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now