Renzo Gracie Signs Ground Lease For Retail Space At 1270 Lexington Avenue, Upper East Side, Manhattan

The retail property located at 1270 Lexington Avenue in the Upper East Side, Manhattan, has been leased. The property, with a total square footage of 4,700 square feet, was leased on a ground lease basis. The asking rent for the property was $85 per square foot. The lease agreement was finalized on 10/10/2023.

Summary of transaction details

• Property Type: Retail
• Asking Rent: $85/ft
• Square Footage: 4,700 SF
• Address: 1270 Lexington Avenue
• Market: Upper East Side, Manhattan

The landlord of the retail property is Joe Moinian, representing The Moinian Group. The tenant, Renzo Gracie, has secured the lease. Representing the landlord in the deal are David Green and David Sabbagh from KSR. On the tenant's side, William Chaplin and Ross Kaplan from Newmark acted as the tenant's representatives.