Rosa Mexicano Signs 15-Year Lease At Empire Hotel On Broadway For $1.5 Million

The property involved in this transaction is a retail asset located at 1889 Broadway in the Upper West Side market. The annual rent for this lease is set at $1,500,000, covering a total square footage of 12,000. The lease term established is for 15 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,500,000/Year
• Address: 1889 Broadway
• Market: Upper West Side
• Lease Term: 15 years
• Landlord: Joseph Chetrit & Podolsky family
• Tenant: Rosa Mexicano
• Landlord's Rep: Jeff Winick & Yoel Gorjian - Winick Realty Group
• Tenant's Rep: Kenji Ota & Neil Seth - Cushman & Wakefield

The deal involves Rosa Mexicano relocating to the Empire Hotel while remaining in Lincoln Center. The transaction was facilitated by two teams of representatives; Jeff Winick and Yoel Gorjian represented the landlord while Kenji Ota and Neil Seth represented the tenant.