The Real Deal New York

These were the top 10 NYC retail leases in November

By Lucas McGill | December 14, 2018 11:05AM

770 Lexington Avenue and 3 East 54th Street

Fitness centers dominated the top 10 retail leases list in November. Gyms and fitness centers inked six of the top 10 leases for the month, with Blink Fitness, owned by parent company Equinox Fitness, taking three of those spots. Health centers took two of the top spots.

Overall, November’s top 10 deals totaled less than half of October’s in terms of square footage. The 10 biggest retail lease deals signed last month totaled 120,800 square feet, down 232,600 square feet from October’s total of 353,400 square feet. The largest retail lease in November was inked in the Upper East Side.

1) Hospital for Special Surgery, 770 Lexington Avenue, Upper East Side – 17,000 square feet

The hospital signed a 10-year lease for 17,000 square feet of space at 770 Lexington Avenue. Michael Dubin of Savitt Partners represented the tenant while John Brod and Mark Tergesen of ABS Partners Real Estate represented the landlord, Terra Holdings.

2) Blink Fitness, 450 87th Street, Bay Ridge – 17,000 square feet

The gym inked a lease for 17,000 square feet of space at 450 87th Street. Ezra Saff of Retail Zone represented the tenant. The building’s landlord is Allied Properties.

3) Foodtown, 54 Noll Street, Bushwick – 15,000 square feet

The grocery store signed a 50-year lease for 15,000 square feet of space at All Year Management’s Denizen Bshwk. Foodtown is anchoring the firm’s redevelopment of the former Rheingold Brewery at 54 Noll Street. The 900-unit development has roughly 100,000 square feet of retail space which has already been leased to tenants include AT&T and pet groomer Dog Wash N’ Go. EXR represented the landlord in the Foodtown deal. The asking rent for the space was $65 per square foot.

4) Blink Fitness, 130-20 Farmers Boulevard, Jamaica – 15,000 square feet

The Equinox Fitness subsidiary signed a lease for 15,000 square feet of space at 130-20 Farmers Boulevard. Ezra Saff of Retail Zone represented the tenant. The building’s landlord is RW Real Estate Group.

5) Blink Fitness, 2870 Fulton Street, Cypress Hills – 15,000 square feet

The budget gym again took a spot on November’s top 10 retail leases, signing on for 15,000 square feet of space at 2870 Fulton Street. Ezra Saff of Retail Zone represented the tenant. The building’s landlord is 2862-2874 Fulton Street LLC.

6) Neighborhood Radiology, 47-16 Greenpoint Avenue, Sunnyside – 13,628 square feet

The radiology clinic signed a lease for 13,628 square feet of space at 47-16 Greenpoint Avenue. Joe Mastromonaco and Evan Clements of Dartmouth Company represented the tenant. The building’s landlord is AB Capstone.

7) Spin, 3 East 54th Street, Plaza District – 10,300 square feet

The ping pong social club inked a 5-year lease for 10,300 square feet of space at 3 East 54th Street. Jason Pruger of Newmark Knight Frank represented the tenant while Jason Pruger, Adam Weinblatt and Harrison Abramowitz of Newmark Knight Frank represented the landlord, Chen Brothers Realty Corporation.

8) Rumble, 415 Red Hook Lane, Brooklyn Heights – 7,300 square feet

The trendy boxing gym — backed by celebrities including Sylvester Stallone and Justin Bieber — signed a lease for 7,300 square feet of space at 415 Red Hook Lane. Alexandra Yanoff and Brandon Berger of RKF represented the tenant, along with Benjamin Birnbaum of Newmark Knight Frank. Jason Pennington and Ben Weiner of Ripco Real Estate represented the landlords, Lonicera Partners and Quinlan Development Group.

9) My Gym, 209 Smith Street, Cobble Hill – 5,600 square feet

The children’s fitness center inked a 10-year lease for 5,600 square feet of space at 209 Smith Street. Garry Steinberg and Jaime Schultz of Lee & Associates NYC represented the tenant while Sam Sabin of Thor Equities represented the landlord in house.

10) Don Pedro’s, 505 Columbus Avenue, Upper West Side – 5,000 square feet

The restaurant signed a 15-year lease for 5,000 square feet of space at 505 Columbus Avenue. James Famularo and Ben Biberaj of Meridian Capital Group represented both the tenant and the landlord, Abro Management.