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Stallone-backed boxing gym Rumble inks lease for entire UES building

1495_3rd_Avenue_Sly LRRumble, the trendy boxing gym concept backed by investors such as “Rocky” star Sylvester Stallone and Justin Bieber, has inked a deal for its third Manhattan location.

The chain is leasing an entire five-story building owned by landlord Samy Mahfar at 1495 Third Avenue between East 84th and 85th streets, sources told The Real Deal. The 12,500-square-foot, 10-year deal is valued at about $1 million a year, sources added.

Rumble already has a location in Chelsea and is planning to open another in Noho this summer.

The company was founded in 2016 by Noah Neiman of Bravo’s “Work Out New York”; Eugene Remm of EMM Group, the company which owns the Meatpacking District hotspot Catch; Andy Stenzler, co-founder of Cosí; and Anthony DiMarco, a former executive at Google.

Darrell Rubens and Lee Block of Winick Realty Group represented Mahfar’s SMA Equities in the deal. Rumble was represented by Brandon Berger of RKF.

Mahfar bought the building for $18.2 million last year after its former owner and longtime tenant, the mirror and antiques shop S. Cavallo, let it fall into disrepair.

The new location is slated to open later this year.

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THE REAL DEAL_052217_Stallone-backed boxing gym Rumble inks lease for entire UES building

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

Real Estate Weekly

Goodwill takes 3,800 s/f at 1114 First Avenue in the Upper East Side

1114-day-south-2Goodwill Industries signed a lease for a new location at 1114 First Avenue on the Upper East Side.

“There was a lot of activity on this retail space and we had a lot of offers,” said Winick Realty Group Executive Vice President Darrell Rubens, “but ownership and the brokers felt that a Goodwill store would do great at this location and be a great way to give back to the community. It was a decision that all parties involved could feel good about.”

Rubens represented the landlord, Himmel +Meringoff Properties, in the transaction along with Lee Block, Matthew Schuss and David Cohen, who represented ownership in-house. Goodwill was represented by Michael Kadosh and Jesse Wolff  of CBRE. “With a long history serving New York City and sourcing funding from its numerous locations around town, Goodwill has developed a reputation as a great neighbor and we felt very good about bringing them into our property on the Upper East Side at 1114 First Avenue,” commented Leslie W. Himmel, co-managing partner of Himmel + Meringoff Properties.

“We’re confident this well-proportioned and strong visibility space will provide them with the foot traffic they’re looking for to help grow public support for their important mission.”

Formerly home to Hartstrings, the new Goodwill storefront will encompass 3,800 s/f on the ground floor and l 2,000 s/f in the lower level.

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rew_0111116_goodwill-takes-3800-sf-at-1114-first-avenue-in-the-upper-east-side

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

 

New York Observer

UES Preschool Attempts to Accommodate More Students by Expanding Next Door

1608 First AvenueManhattan Schoolhouse, a daycare and preschool program, has inked a 3,141-square-foot deal for part of the retail portion of 1608 First Avenue, a residential building on the Upper East Side, Commercial Observer has learned. The preschool is expanding, to a space a block over from its current home, to accommodate more children, according to the press release from Winick Realty Group, the landlord’s broker.

At 1608 First Avenue, Manhattan Schoolhouse—which is inspired by a method of teaching called Reggio Emilia and caters to children from 6 weeks to 5 years old—will have 1,981 square feet on the ground floor and 1,160 square feet on the lower level. They will share the retail portion of the building with MyGym, a fitness facility for children.

The building, also called The Strathmore, is owned by Related Companies. Asking rent in the 10-year deal was $145 per square foot. The preschool will be opening in its new location in six months, according to Winick’s spokeswoman.

Manhattan Schoolhouse currently occupies 3,100 square feet  at 1624 First Avenue between East 83rd and East 84th Streets, a block away from its new location. It has been a tenant there since September 2014, according to a spokeswoman and is next door to Gymboree Play & Music, a center that runs child development programs.

“Manhattan Schoolhouse had outgrown their original Upper East Side location and wanted to open a second school as close by as possible in order to meet local demand,” Steven Baker, the landlord’s broker, said in prepared remarks.

Winick’s Baker and Charles Rapuano represented the landlord, while Daniele Kurzweil of Julie Friedman Realty represented the tenant.

“Our clients appreciate the residential corridor of First Avenue,” Julie Friedman, head of Julie Friedman Realty, told Commercial Observer. “They are cognizant that the whole corridor is under serviced and they’ll continue to help parents have a safe environment.”

The deal took months, according to Friedman, to ensure that the parties involved were in compliance with regulations from the Fire Department of New York and the New York City Department of Health and Mental Hygiene.

“The ownership was seeking a tenant that would be an amenity to the building, which is home to many young families,” Rapuano said in prepared remarks. “This lease transaction successfully met the needs of both parties and will become a great asset to families living in the neighborhood.”

For more, download the full article in PDF

NY Observer-062216-UES Preschool Attempts to Accommodate More Students by Expanding Next Door

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

 

Citybizlist

Winick Realty Group Markets Retail Storefront Across from the Decoration & Design Building 

213 East 59th StreetWinick Realty Group proudly announced the new retail availability at 213 East 59th Street, located between Second and Third Avenues in the heart of Midtown East’s Design District.

Charles Rapuano, Jeremy Wintner and President Steven E. Baker are exclusively marketing the property on behalf of Chosen Equities, marking Winick Realty Group’s third retail project on the block. Rapuano, Wintner and Baker represented MWest Holdings LLC at 223 East 59th Street, which was leased to Savoir Beds, while Rapuano represented The Shade Store in their lease transaction at 225 East 59th Street.

“Winick Realty Group is setting the market on this block as hip concepts like The Shade Store and Savoir Beds replace the old antique stores,” said Rapuano. “We have a great rapport with the landlords on this block and we are proud to be representing yet another retail space on a block that we believe in.”

Available for the first time in 20 years, the retail at 213 East 59th Street comprises 1,354 square feet of ground-floor retail space with 25 feet of frontage on East 59th Street, and an additional 728 square feet in the basement. The site also offers a unique 1,138-square-foot backyard space, giving potential tenants an outdoor area that can be used for private meetings, events, product displays or other uses.

“We are looking for an established tenant who will play off this newly-upgraded tenancy, as well as nearby traffic drivers like Bloomingdale’s, Dylan’s Candy Bar, The Rug Company and the Decoration & Design Building,” added Wintner.

For more, download the full article in PDF

citybiz-113015-Winick Realty Group Markets Retail Storefront Across from the Decoration & Design Building

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

 

New York Observer

Owners of Former Playboy Club Repositioning East 59th Street Building5 east 59th streetThe former Playboy Club, a Class B Plaza District building on East 59th Street off of Fifth Avenue, is being repositioned for one tenant to house retail and a showroom with offices above, Commercial Observer has learned.

GreenOak Real Estate and Capstone Equities are putting the nine-story, 40,000-square-foot 5 East 59th Street on the market as they work along with architect Gensler to convert it to an eight-story structure with 22-foot ceilings on the ground floor, Winick Realty Group’s Darrell Rubens told CO.

Mr. Rubens declined to cite an asking rent, but a source said the building should lease for more than $10 million per year.

“This is an opportunity [for a tenant] to really design and create their own building here,” Mr. Rubens said.

The building owners tapped Mr. Rubens and colleagues Kelly Gedinsky and Lee Block, along with David Falk, Danny Levine and Jason Greenstein of Newmark Grubb Knight Frank to market the building.

Mr. Falk said this is a site for “an iconic brand who wants to be there and wants to be seen with all of these other upscale brands.” He noted that there will be a “lot of eyeballs” on the location and it allows a tenant to house its entire operation “under one roof.”

The owners bought the 1960 nine-story office building, which was renovated in 1984, for $85 million this June. At the time of the purchase, only a few small office tenants remained along with Italian restaurant Bottega del Vino, Mr. Rubens said.

As CO previously reported, after more than a decade in the building, Bottega del Vino will be shuttering on Dec. 31 after the building proprietors made a deal to buy out the remaining term of the lease. The eatery occupies 7,200 square feet on the ground level, lower level and basement.

East 59th Street has seen a bit of an exodus lately. Next door to Bottega del Vino was a Crate & Barrel, with an address of 650 Madison Avenue. It closed at the beginning of August, as CO previously reported. And Williams-Sonoma and Pottery Barn left a 35,000-square-foot three-story retail condominium at 127 East 59th Street between Lexington and Park Avenues after 15 years. Meanwhile, signage at the Crate & Barrel space indicates that Italian luxury goods house Bottega Veneta will be opening there this holiday season.

For more, download the full article in PDF

NY Observer-102215-Owners of Former Playboy Club Repositioning East 59th Street Building

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

New York Observer

Luxury Bed Maker to Rest In New Upper East Side Location

223 east 59th streetA custom bed maker is laying down in a mixed-use Upper East Side building.

Savoir Beds, which crafts tailor-made luxury beds, has signed a new 10-year lease to open a location in a 3,295-square-foot space at 223 East 59th Street, Commercial Observer has learned.

The store, which will open in the fall, will occupy 1,665 square feet in the ground floor and 1,630 square feet in the mezzanine level of the four-story building between Second and Third Avenues. Asking rent in the deal was $200 per square foot, according to a spokesman for Colliers International, which handled the deal for the tenant.

A franchised Savoir store opened in Soho earlier this year, but the Upper East Side location will be owned directly by the London-based company.

“They are a wonderful, international brand opening their first company-owned store in New York City, in a well-located building in a prime neighborhood,” Peter Simel of Colliers International, who worked on the deal will colleagues Timothy Pond and James Emden, said in prepared remarks.

Charles Rapuano, Jeremy Wintner and Steven Baker of Winick Realty Group represented the owner of the building, MWest Holdings.

The more than century-old bed fabricator has serviced well-known figures, including Sir Winston Churchill and Marilyn Monroe among others.

“Brands like Savoir Beds are ushering in a sea change in the neighborhood,” Mr. Rapuano said. “MWest Holdings believes they will be a great addition to the neighborhood and has no doubt that they will be successful in the space for a long time.”

For more, download the full article in PDF

NY Observer-083115-Luxury Bed Maker to Rest In New Upper East Side Location

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.