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Michael Ainbinder Leases Retail Space To Doggingtons Day Care In Gramercy Park For $72/ft

Property Image
LEASED
$72
Bobby Ortense
+ 1

New York

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Retail1,000 SF
Leased 05/21/2025
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Property Image
LEASED

Michael Ainbinder Leases Retail Space To Doggingtons Day Care In Gramercy Park For $72/ft

243 East 18th Street

See Similar Deals
Retail1,000 SF
Leased 05/21/2025
Bobby Ortense
+ 1
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$72
Total Square Footage:1,000 SF
Transaction Type:Lease

The property asset involved in this lease transaction is located at 243 East 18th Street in the Gramercy Park neighborhood of Manhattan. It has a retail asset type and a total size of 1,000 square feet. The asking rent for this space is $72 per square foot, with a lease type designated as a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $72/ft
  • Square Footage: 1,000
  • Address: 243 East 18th Street
  • Market: Gramercy Park, Manhattan
  • Landlord: Michael Ainbinder
  • Tenant: Doggingtons Day Care
  • Landlord's Representative: James Famularo & Bobby Ortense - Meridian Capital Group
  • Tenant's Representative: Marcelo Demoraes - Meridian Capital Group

The deal included key individuals from Meridian Capital Group, with James Famularo and Bobby Ortense representing the landlord, Michael Ainbinder, and Marcelo Demoraes representing the tenant, Doggingtons Day Care. Their involvement highlights the professional brokerage services facilitating this lease transaction.

Players

James Famularo
357 deals$11.4M volume(212) 468-5960
BROKER

Bobby Ortense
Meridian Capital Group
71 deals
BROKER


Details

LEASED
IMAGE: Bobby Ortense, James Famularo & Marcelo Demoraes DATE: 5/21/2025 ADDRESS: 243 East 18th Street MARKET: Gramercy Park, Manhattan ASSET TYPE: Retail LANDLORD: Michael Ainbinder TENANT: Doggingtons Day Care (@DoggingtonsNYC) LANDLORD'S REP: James Famularo (@MrFamularo) & Bobby Ortense (@NYC_Leasing) - Meridian Capital Group (@Meridian_Retail_Leasing) TENANT'S REP: Marcelo Demoraes (@Demoraes.Leasing) - Meridian Capital Group ASKING RENT: $72/ft ~ SF: 1,000 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$82,539.93

Total Lease Value

$825,399.31

Net Landlord Cash Flow$82,539.93