Korean hair salon cuts second NY deal
There will soon be a party at 450 Park Ave. South—a hair party, that is. Korea-based Hair Party 24 Hours—which, as the name suggests, stays open 24/7—has leased its second Manhattan location, a 1,300-square-foot, ground-floor space on the avenue between East 30th and East 31st streets. Asking rent for the 12-year deal, which includes a 1,500-square-foot basement, was $220 a square foot.
Hair Party will open its new location this fall. The company has operated an outpost nearby on Madison Avenue and East 28th Street for three years. The company plans to use the basement for bridal showers, birthday parties and other events.
“They wanted a nearby location to accommodate the overflow of appointments,” said Young Byunn, the Winick Realty Group broker who represented the tenant. He added that Hair Party is planning two additional Manhattan outposts and is currently eyeing the Times Square and Columbus Circle neighborhoods.
Annie Shinn and Darrell Rubens, also of Winick, represented the landlord, Moinian Group, in negotiations.
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