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Deals & Dealmakers

Hot yoga concept leading fitness charge

Ripco Real Estate, today, announced that Y7 Studio secured a 10-year, 2,000 s/f ground floor lease at 250 East. Houston Street in the East Village, which will mark the yoga studio’s eighth location in Manhattan.

Y7 offers sweat dripping, beat bumping, candlelit yoga. Y7 classes combine 60-minutes of intensity with heat and strength and are complemented by deep breathing and calming of the mind, all while paired to the latest beats.

The dark candlelit studios have infrared heating and no mirrors, which offer a unique yoga and fitness experience for its clientele.

Y7 has other locations in Manhattan, Brooklyn and Los Angeles. The East Village location will be the studio’s 11th across the country.

“This deal with Y7 reflects the emerging wave of boutique fitness options continuing to open all over the city, and Y7 is one of the leaders as they are developing a cult-like following with their yoga classes,” said Richard Skulnik, Executive Vice President and Partner at Ripco Real Estate.

“The East Village is known as one of the most vibrant and desirable neighborhoods in the city. Y7 coming to this location solidifies that as well as the retail shift towards fitness and wellness that Ripco is seeing across our client list.

Jeremy Aidan of Isaacs and Company represented Y7 for the deal and Richard Skulnik, Jeremy Modest and Andrew Mandell of Ripco Real Estate represented the landlord.

Rockwood Capital and The Dermot Company are in the process of a comprehensive capital improvements campaign to reposition the building. Once completed, 250 East Houston Street will feature a reskinned façade, new retail storefronts and a new glass residential building entrance.

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