Real Estate Weekly
Image default

Fine Wine on First moving to 945 First Avenue in Turtle Bay

Fine Wine on First, a Turtle Bay mainstay for over 25 years, is relocating to a space a few doors down at 945 First Avenue on the northwest corner of 52nd Street.

The store signed  a 10-year lease arranged by Eastern Consolidated’s Retail Leasing Division. James Famularo and Jake Horowitz represented the tenant in negotiations for the space, which offers 850 s/f on the ground floor, 850 s/f in the basement, and frontage on First Avenue and 52nd Street.

The landlord was represented by Shelton Franklin at S. Blair Partners Ltd.

“This prime corner storefront is head and shoulders above Fine Wine on First’s current in-line space at 939 First Avenue, which is on the ground floor of a residential building across the street from the new location,” Famularo said. “We knew exactly what the store’s owner wanted and Jake canvassed the area for months to find it.”

Horowitz added, “We were fortunate to have the stars align on this assignment. We found the owner a space with a basement where he can store his inventory and a location close enough to his current shop that he will be able to maintain the strong customer base he’s built over the last 25 years.”

First Avenue and 52nd Street is in the midst of a densely populated residential area where neighborhood retailers cater to local residents. Located a few blocks north of the United Nations and a number of foreign consulates, 945 First Avenue is near the E, M, and 6 trains.

Related posts

Newmark Arranges Equity for Grocery-Anchored Acquisitions


NNN Pro Group Brokers Sale of Eight Net-Leased Retail Properties for $79.4M


Cushman & Wakefield Exclusively Marketing 10,181-SF Retail Asset in SoHo for Sale