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Toni Ruiz Of Mango Leases 13,000-sf Retail Space At 1976 Broadway For 10 Years

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LEASED
$350

New York

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Retail13,000 SF
Leased 02/19/2025
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Property Image
LEASED

Toni Ruiz Of Mango Leases 13,000-sf Retail Space At 1976 Broadway For 10 Years

1976 Broadway

See Similar Deals
Retail13,000 SF
Leased 02/19/2025
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$350
Total Square Footage:13,000 SF
Transaction Type:Lease

The retail asset located at 1976 Broadway spans 13,000 square feet and is situated in the Upper West Side market. The asking rent for this space was set at $350 per square foot. This transaction involves a 10-year lease agreement.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $350/ft
  • Lease Term: 10 years
  • Landlord: Christopher M. Jeffries - Millennium Partners
  • Tenant: Toni Ruiz - Mango
  • Brokers: Doug Kleiman, Gene Spiegelman & Morgan Singer - Ripco
  • SF: 13,000

This transaction marks a significant expansion for the Spanish fashion retailer Mango, as it opens its fourth location in New York City. The brand, based in Barcelona, has plans to establish 20 more stores across the United States in 2025 as part of its growth strategy.

Players

Gene Spiegelman
11 deals$30.3M volume
BROKER

Doug Kleiman
Ripco
3 deals$15.8M volume(646) 827-9980
BROKER

Morgan Singer
Ripco
3 deals$5.3M volume(212) 230-5884
BROKER

Details

LEASED
IMAGE: Christopher M. Jeffries, Doug Kleiman, Toni Ruiz, Morgan Singer & Gene Spiegelman DATE: 02/19/2025 ADDRESS: 1976 Broadway MARKET: Upper West Side ASSET TYPE: Retail LANDLORD: Christopher M. Jeffries - Millennium Partners TENANT: Toni Ruiz - Mango (@Mango) BROKERS: Doug Kleiman (@Dougist), Gene Spiegelman (@GeneSpiegelman) & Morgan Singer (@RelevantRetail.NYC) - Ripco (@RipcoRealEstate) ASKING RENT: $350/ft ~ SF: 13,000 LEASE TERM: 10-year deal NOTE: Spanish fashion retailer Mango signed a 10-year lease for a 13,000-sf store at 1976 Broadway, marking its fourth NYC location. The Barcelona-based brand plans to open 20 more U.S. stores in 2025 as part of its expansion strategy.

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Deal Type
Effective Rent (Annual)

$5,216,065.09

Total Lease Value

$52,160,650.87

Net Landlord Cash Flow$5,216,065.09