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Eton Expands Showroom At 381 Park Ave S In Midtown South

Property Image
LEASED
$62
Anthony Manginelli
Joseph Mangiacotti
+ 1

New York

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Retail5,000 SF
Leased 03/20/2024
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Property Image
LEASED

Eton Expands Showroom At 381 Park Ave S In Midtown South

381 Park Avenue South

See Similar Deals
Retail5,000 SF
Leased 03/20/2024
Anthony Manginelli
Joseph Mangiacotti
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$62
Total Square Footage:5,000 SF
Transaction Type:Lease

The retail property at 381 Park Avenue South in Midtown South, known for its classic architectural charm, has been leased for 10 years and nine months. The upscale menswear brand Eton secured a 5,000-square-foot space in the building owned by Kate Hemmerdinger Goodman of ATCO Properties & Management. The asking rent for the deal was $62 per square foot.

Summary of transation details:

Eton, represented by Anthony Manginelli from CBRE, successfully expanded its showroom space in Midtown South by securing a deal at 381 Park Avenue South. On the other side, the landlord, Kate Hemmerdinger Goodman, was represented by Joseph Mangiacotti, Kyle Berlinsky, and Robert Tunis from Colliers International. The deal highlights the growth and strategic decisions in the retail segment within Midtown South.

Players

Robert Tunis
3 deals(646) 232-3128
BROKER



Details

LEASED
IMAGE: Joseph Mangiacotti, Kyle Berlinsky, Kate Hemmerdinger Goodman, Robert Tunis & Anthony Manginelli DATE: 03/20/2024 ADDRESS: 381 Park Avenue South MARKET: Midtown South ASSET TYPE: Retail LANDLORD: Kate Hemmerdinger Goodman - ATCO Properties & Management TENANT: Eton LANDLORD'S REP: Joseph Mangiacotti, Kyle Berlinsky & Robert Tunis (@RobertTunis/) - Colliers International (@ColliersInternational) TENANT'S REP: Anthony Manginelli (@AntMangelly) - CBRE (@CBRE) ASKING RENT: $62/ft ~ SF: 5,000 LEASE TERM: 10 years & nine months NOTE: Eton, an upscale menswear brand, has expanded its showroom space in Midtown South, securing a 5,000-square-foot deal for 10 years and nine months at 381 Park Avenue South with ATCO Properties & Management. The landlord reported an asking rent of $62 per square foot, noting the building's classic architectural charm and exceptional tenant service as attractive features.

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Deal Type
Effective Rent (Annual)

$355,380.26

Total Lease Value

$3,553,802.59

Net Landlord Cash Flow$355,380.26