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Jeffrey Cheng Leases Retail Space At 135 East 63rd Street To Colorpop For $150/ft

Property Image
LEASED
$150
James Famularo
Bobby Ortense
+ 1

New York

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Retail1,995 SF
Leased 05/22/2025
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Property Image
LEASED

Jeffrey Cheng Leases Retail Space At 135 East 63rd Street To Colorpop For $150/ft

135 East 63rd Street

See Similar Deals
Retail1,995 SF
Leased 05/22/2025
James Famularo
Bobby Ortense
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$150
Total Square Footage:1,995 SF
Transaction Type:Lease

The retail asset located at 135 East 63rd Street in the Upper East Side has been leased at an asking rent of $150 per square foot for a total area of 1,995 square feet. The lease type is classified as a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $150/ft
  • Lease Type: Modified Gross Lease
  • Address: 135 East 63rd Street
  • Market: Upper East Side
  • Landlord: Jeffrey Cheng
  • Tenant: Colorpop
  • Landlord's Representative: James Famularo, Jacob Mayer & Bobby Ortense - Meridian Capital Group
  • Tenant's Representative: Claude Kolb - KSR

Key individuals involved in this transaction include Jeffrey Cheng as the landlord and Colorpop as the tenant, both represented by their respective brokers, with the landlord's representation coming from the Meridian Capital Group and Claude Kolb representing the tenant through KSR.

Players

Claude Kolb
40 deals(917) 656-5304
BROKER

James Famularo
Meridian Capital Group
360 deals$11.4M volume(212) 468-5960
BROKER

Bobby Ortense
Meridian Capital Group
71 deals
BROKER

Details

LEASED
IMAGE: Jacob Mayer, James Famularo, Bobby Ortense & Claude Kolb DATE: 5/22/2025 ADDRESS: 135 East 63rd Street MARKET: Upper East Side ASSET TYPE: Retail LANDLORD: Jeffrey Cheng TENANT: Colorpop LANDLORD'S REP: James Famularo (@MrFamularo), Jacob Mayer & Bobby Ortense (@NYC_Leasing) - Meridian Capital Group (@Meridian_Retail_Leasing) TENANT'S REP: Claude Kolb (@KolbClaude) - KSR (@Kassin_Sabbagh_Realty) ASKING RENT: $150/ft ~ SF: 1,995 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$343,925.67

Total Lease Value

$3,439,256.65

Net Landlord Cash Flow$343,925.67