Renzo Gracie Signs Ground Lease For Retail Space At 1270 Lexington Avenue, Upper East Side, Manhattan | 1270 Lexington Avenue | William Chaplin, Ross Kaplan, David Sabbagh, David Green | Retail | Lease

Summary

Lease

NEW YORK

Retail

4,700 sqft

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.

Players

All
6

Agents
4
Agencies
2

William Chaplin

Associate

Ross Kaplan

Executive Managing Director

$3.1M Sold

$445M Sold

Kassin Sabbagh Realty

Newmark

Details

Deal Summary

LEASED

IMAGE: David Green & David Sabbagh DATE: 10/10/2023 ADDRESS: 1270 Lexington Avenue MARKET: Upper East Side, Manhattan ASSET TYPE: Retail LANDLORD: Joe Moinian (@MoinianJ) - The Moinian Group (@MoinianGroup) TENANT: Renzo Gracie LANDLORD'S REP: David Green (@DavidstGreen) & David Sabbagh (@DSabbagh1) - KSR (@Kassin_Sabbagh_Realty) TENANT'S REP: William Chaplin & Ross Kaplan - Newmark ASKING RENT: $85/ft ~ SF: 4,700 LEASE TYPE: Ground Lease

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Address1270 Lexington Avenue

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