V.H.I.O Leases 5,000 SF Retail Space To Tipsy Turtle And Others On 2nd Avenue

The retail property located at 1003 2nd Avenue in the Sutton Place market covers a total square footage of 5,000 and has been leased under a modified gross lease structure. The asking rent for this space was $128 per square foot, and the lease term agreed upon is for 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $128/ft
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease
• Landlord: V.H.I.O
• Tenant: Tipsy Turtle, Portofino&Sundaze & Crystal Spa
• Brokers: Jonathan Goldberg & Krystina Cuesta Goldberg - Goldberg Property Advisors Team at Voro

The transaction highlights Voro Real Estate's successful lease of the entire building to three distinct tenants, showcasing a strategic approach in securing diverse rental agreements. This underscores the collaborative efforts of Jonathan Goldberg and Krystina Cuesta Goldberg in facilitating this deal for their client, V.H.I.O.