Orangetheory Fitness Signs Lease For Retail Space At 515 86th St. In Bay Ridge, Brooklyn

The retail property located at 515 86th St. in Bay Ridge has been leased. The property, spanning 3,440 square feet, was leased by Orangetheory Fitness. The lease transaction was facilitated by Evan Schuckman of RIPCO Real Estate.

Summary of transaction details:

• Property Type: Retail
• Transaction Date: 05/10/2022
• Address: 515 86th St., Bay Ridge
• Market: Bay Ridge
• Landlord: ACHS Management - Alex Adjmi
• Tenant: Orangetheory Fitness
• Broker: Evan Schuckman - RIPCO Real Estate
• Asking Rent: $120/ft.
• Square Footage: 3,440

Evan Schuckman of RIPCO Real Estate acted as the broker in the lease transaction, representing the interests of Orangetheory Fitness. The landlord, ACHS Management, headed by Alex Adjmi, agreed to lease the retail space to Orangetheory Fitness at the asking rent of $120 per square foot.