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Angelina Paris Leases Retail Space At 1115 Lexington Avenue In Lenox Hill

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LEASED
Hillel Horovitz
Alexander Boriskin
+ 2

New York

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Retail701 SF
Leased 10/12/2022
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LEASED

Angelina Paris Leases Retail Space At 1115 Lexington Avenue In Lenox Hill

1115 Lexington Avenue, New York City, New York 10075, United States

See Similar Deals
Retail701 SF
Leased 10/12/2022
Hillel Horovitz
Alexander Boriskin
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Total Square Footage:701 SF
Transaction Type:Lease

Angelina Paris has signed a lease for a retail space located at 1115 Lexington Avenue in the Lenox Hill market. The landlord of the property is Midwood Investment & Development. The tenant will be represented by Pierre Cadourcy, Hillel Horovitz, Alexander Boriskin, and Michael Lorber from Douglas Elliman. The landlord's representatives in the deal are Beth Rosen and Emily Simmonds from Ripco Real Estate. The property has an asking rent of $300 per square foot and a total area of 701 square feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 10/12/2022
  • Address: 1115 Lexington Avenue
  • Market: Lenox Hill
  • Asking Rent: $300/ft.
  • Square Footage: 701

This lease marks Angelina Paris's second location in New York City. Angelina Paris is a popular tea house, café, and boutique with over 30 locations worldwide. The establishment is well-known for its hot chocolate and iconic pastries. Pierre Cadourcy and Hillel Horovitz from The Michael Lorber Team of Douglas Elliman, co-founded by Michael Lorber and Alexander Boriskin, have exclusively represented the tenant in this deal.

Players

Michael Lorber
38 deals$262.5M volume
BROKER

Alexander Boriskin
Douglas Elliman
37 deals$242M volume
BROKER

Hillel Horovitz
Douglas Elliman
4 deals$17.4M volume
BROKER

Pierre Cadourcy
Douglas Elliman
6 deals$15.3M volume
BROKER


Midwood Investment & Development
LANDLORD

Details

LEASED
IMAGE: Pierre Cadourcy, Hillel Horovitz, Alexander Boriskin & Michael Lorber DATE: 10/12/2022 ADDRESS: 1115 Lexington Avenue MARKET: Lenox Hill ASSET TYPE: Retail LANDLORD: Midwood Investment & Development TENANT: Angelina Paris (@AngelinaParisUSA) (@AngelinaParis) LANDLORD'S REP: Beth Rosen & Emily Simmonds - Ripco Real Estate (@RIPCORealEstate) TENANT'S REP: Pierre Cadourcy (@Pierre_NYC), Hillel Horovitz (@HHorovitz), Alexander Boriskin (@AlexanderBoriskin) & Michael Lorber (@MichaelLorber) - Douglas Elliman (@DouglasElliman) (@DouglasEllimanBrooklyn) ASKING RENT: $300/ft. ~ SF: 701 NOTE FROM BROKER: This is Angelina Paris's second New York City Location. Angelina is a popular tea house, café and boutique with more than 30 locations around the world,. They are famous for their Hot Chocolate and their iconic pastries. Pierre Cadourcy and Hillel Horovitz from The Michael Lorber Team of Douglas Elliman co-founded by Michael Lorber and Alexander Boriskin exclusively represented the tenant.

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Deal Type
Effective Rent (Annual)

$40,180.90

Total Lease Value

$401,808.97

Net Landlord Cash Flow$40,180.90