Retailer Dodges Second Avenue Subway with 12-Year Deal
1161 First Avenue
The Second Avenue Subway is approaching the station, or so it would seem now that another retailer is jumping out of the way of the incoming train.
Falk Surgical Supplies, a fixture on the corner of Second Avenue and East 72nd Street for decades, will move over to First Avenue and 64th Street. It will take 3,000 square feet for 12 years.
The asking rent was $150 a square foot, according to Crain’s, which first had news of the deal.
“They are relocating to make way for a subway stop planned for their current space,” said tenant rep Candice Dobbs of Dobbs Associates.
Andrew Mandell and Richard Skulnik of Ripco Real Estate represented the landlord, St. Tropez Condominium.
Construction chaos coupled with an uncertain endpoint haven’t exactly been a boon to retail in the area, as a number of stores on and near Second Avenue on the Upper East Side and in East Harlem have shuttered in the past few years.