Vin Vin USA Signs 10 Year Lease For Flagship Location At 151 East 57th Street

This retail asset located at 151 East 57th Street in Midtown East encompasses a lease for a space measuring 2,900 square feet, with an asking rent of $120 per square foot. The lease agreement established is a Modified Gross Lease for a term of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $120/ft
• Lease Term: 10 Years
• Landlord: Jane Shan - Aldo 57
• Tenant: Vin Vin USA
• Tenant's Representatives: Desi Avidane - Investment Property Realty Group, Ben Biberaj - IPRG Retail Leasing

VinVin Hungary has secured this lease for its flagship location in New York City, denoting the restaurant group's first venture into the U.S. market. The involvement of Desi Avidane and Ben Biberaj marks critical representation in facilitating this transaction, highlighting the teams' efforts in bringing an international dining concept to Manhattan.