Thor Equities Leases out 17,500 SF in Upper Manhattan

The NYC real estate lender signed a long-term lease with retailer Modell’s Sporting Goods.
135 E. 125th Street, NYC

135 E. 125th Street, NYC

New York—Thor Equities has signed a long-term lease for approximately 17,500 square feet of retail space with retailer Modell’s Sporting Goods, in the high density trade neighborhood of Harlem, in Upper Manhattan.

Located at 135 East 125th St. near the 4, 5 and 6 subway lines at 125th Street and only one block away from the Metro-North Railroad Harlem-125th Street Station, the property offers easy access to transportation. The four-story building totals 45,000 square feet, including 26,000 square feet of retail space on the ground and second levels, 15,000 square feet of office space on the third level, and more than 250 feet of frontage on 125th Street and Lexington Avenue.

The building is situated in close proximity to East River Plaza, home to various national retailers such as Costco, Target, Best Buy, Marshalls and Old Navy. Additional retailers in the area include Whole Foods, Gap, American Eagle Outfitters, Aldi and Joe’s Crab Shack, as well as a new Bed Bath & Beyond opening nearby.

Thor originally acquired the property in June 2016 and owns several other properties in the surrounding area, such as the adjacent six-story mixed-use building at 126 East 126th St., as well as six other assets across Upper Manhattan.

Image courtesy of Thor Equities