The retail property located at 1214 Lexington Avenue, between 82nd and 83rd Streets on the Upper East Side has been leased to Natures Blooms. Yianni Feldman of Zelnik & Company represented the Tenant in the transaction. Scott Klatsky and Scott Schneidman, of Time Equities, represented the Landlord.
The retail space, consisting of approximately 200 square feet on the ground floor, was leased under a Modified Gross Lease agreement with an asking rent of $210 per square foot. 1214 Lexington Avenue is an 11-story building built in 1916. The building contains a total of nine commercial units and thirty-two residential units.
Summary of transaction details:
- Property Type: Retail
- Address: 1214 Lexington Avenue
- Size: 200 sf Ground Floor
- Market: Upper East Side, New York, NY
- Tenant: Natures Blooms
- Broker: Yianni Feldman – Zelnik & Company. Scott Klatsky and Scott Schneidman – Time Equities
- Asking Rent: $210/ft
- Lease Type: Modified Gross Lease
Yianni Feldman played a pivotal role as the Tenant broker in finding the perfect location for Natures Blooms and finalizing the lease agreement for the retail property at 1214 Lexington Avenue. Time Equities served as the Landlord broker in the transaction, while Natures Blooms signed as the new tenant for the space in Manhattan.
Formerly home to Island Locksmith, Natures Blooms is slated to open for business later this year. Congratulations to everyone involved.
