Chef Andrew Sargent Signs 10-Year Lease For Restaurant Caroline At 16 West 18th Street

The retail property located at 16 West 18th Street in Manhattan’s Flatiron District features a lease signed for a total of 3,133 square feet. The asking rent for this space is set at $150 per square foot, under a 10-year lease agreement. This transaction took place under the management of Vinbaytel Property Development, the landlord.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $150/ft.
• Square Footage: 3,133
• Lease Terms: 10-year lease
• Address: 16 West 18th Street
• Market: Flatiron District
• Landlord: Vinbaytel Property Development
• Tenant: Chef Andrew Sargent
• Brokers: Ben Davis, Dillon Ross & Jon Paul Pirraglia - Ripco; Craig Molesphini - The Corcoran Group

Chef Andrew Sargent, recognized as the winner of Netflix’s “Next Gen Chef,” is set to open his first restaurant, Caroline, at the leased property. The transaction involved notable brokerage firms, with Ripco and The Corcoran Group playing a significant role in facilitating this deal.