RKF has arranged a 7,000- s/f lease for sports training company Fastbreak Kids at 1629 First Ave. between 84th and 85th Streets in space that formerly housed a United Artists East movie theater.
Scheduled to open by mid-2013, this site will become Fastbreak Kids’ 14th basketball and sports training facility in Manhattan and its first full-time dedicated indoor location.
Fastbreak Kids has typically leased space directly from public and private schools at night and during weekends. With RKF’s assistance, the company will continue to expand by leasing new locations throughout New York City.
RKF executive vice president Gary Alterman and associate Andrew Stern represented both Fastbreak Kids and the landlord, The Kibel Companies, on the long-term lease.
“We are thrilled to have helped Fastbreak Kids expand into their first dedicated indoor location,” said Alterman. “The former theater is a great, unique space and the location is perfect for a surrounding neighborhood that is full of both families and schools.”
Other retail tenants in the 32-story, 260,000 s/f residential building include Starbucks and Basics Plus Hardware. The space that Fastbreak Kids has leased was used as a movie theater since 1970 when the building was constructed.
Founded in 2006, Fastbreak Kids has coached and trained over 2,000 kids, through leagues and teams, in the fundamentals of basketball, baseball, and football in various venues.