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Ipanema Restaurant Signs Lease For Retail Space In Midtown South At 3 West 36th Street

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LEASED

New York

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Retail6,100 SF
Leased 06/01/2020
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Property Image
LEASED

Ipanema Restaurant Signs Lease For Retail Space In Midtown South At 3 West 36th Street

3 West 36th Street, Manhattan, New York, NY, USA

See Similar Deals
Retail6,100 SF
Leased 06/01/2020
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Summary

NEW YORK
Asset Type:Retail
Total Square Footage:6,100 SF
Transaction Type:Lease

Located in Midtown South, the retail property at 3 West 36th Street has recently been leased. The asset spans 6,100 square feet and was leased by Empire Management to the tenant, Ipanema Restaurant. The lease transaction took place on June 1st, 2021, with an asking rent of $90 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 3 West 36th Street, Midtown South
  • Tenant: Ipanema Restaurant
  • Landlord: Empire Management
  • Tenant's Representative: Nicolas Nitu - abendumRE
  • Landlord's Representative: Michael Segerman - Dynamik Real Estate Group

Ipanema Restaurant, a renowned Brazilian and Portuguese cuisine establishment, has been serving authentic dishes since 1979. Having previously been situated in Manhattan's Little Brazil, Ipanema Restaurant has now relocated to its new and spacious location at 3 West 36th Street. With its extensive history and reputation for excellence, Ipanema Restaurant is sure to continue delighting diners in its new space.

Players

Michael Segerman
27 deals$8.6M volume(516) 297-3337
BROKER

Nicolas Nitu
Habendum Real Estate
8 deals
BROKER

Empire Management
LANDLORD

Details

LEASED
IMAGE: Nicolas Nitu & Michael Segerman DATE: 06/01/2021 ADDRESS: 3 West 36th Street MARKET: Midtown South ASSET TYPE: Retail TENANT: @Ipanema Restaurant 🥩 ☀️ 🇧🇷 LANDLORD: Empire Management TENANT'S REP: Nicolas Nitu (@NicolasNituRE) - @HabendumRE LANDLORD'S REP: Michael Segerman (@SegerCruz) - Dynamik Real Estate Group (@DynamikRealEstate) ASKING RENT: $90/ft. ~ SF: 6,100 NOTE: @Ipanema Restaurant has been established in Manhattan's Little Brazil since 1979, one of NYC's pioneering Restaurants, serving authentic Brazilian & Portuguese cuisine, voted best Brazilian restaurant in NYC, will reopen at its new location 3 West 36 Street.

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Deal Type
Effective Rent (Annual)

$349,648.32

Total Lease Value

$3,496,483.19

Net Landlord Cash Flow$349,648.32