Sui Yoga to Open 13K-SF Studio at 71 Fifth Avenue
By Emily Davis November 10, 2026 2:43 pm
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Wellness and fitness operator Sui Yoga has selected 71 Fifth Avenue for its second Manhattan location.
The hot yoga, Pilates and strength training studio inked a 13-year deal for 13,000 square feet at the Midtown South building, located one block west of Union Square at the corner of Fifth Avenue and East 15th Street. Asking rent was $1.7 million per year.
The deal involved the property’s previous landlord, Madison Capital, as well as its new owner. Madison, alongside joint venture partner Lubert-Adler Partners, recently sold the building’s leasehold to Igal Namdar’s Namdar Realty Group for $62 million, CO reported in late October.
Meridian Capital Group’s Samuel Mukamal represented Sui in the deal, while RTL Real Estate’s Lee Block and Jeff Winick negotiated on behalf of Madison Capital, in collaboration with Namdar.
“It was a pleasure working with Madison Capital and the eventual new owners, Namdar, to get this lease signed,” Block told CO. “This is a major retail tenant in the building and a great fit for the neighborhood.”
Sui, founded in 2022, currently operates a two-level studio at 180 Avenue of the Americas in Manhattan’s SoHo neighborhood.
“Sui Yoga has built a devoted community in SoHo, and they needed a space that could fit yoga, strength training, recovery and a café under one roof,” Meridian’s Mukamal said in a statement. “71 Fifth Avenue offered the right mix of ground-floor presence and lower-level square footage to bring the full concept to life, and we look forward to seeing Sui Yoga open its doors.”
Sui’s new Fifth Avenue home spans 4,700 square feet across the 11-story building’s ground floor — where it will neighbor City National Bank — as well as 8,300 square feet on the lower level. The studio will include a yoga and fitness center with a sauna, a cold plunge, massage therapy and a cafe, according to a Meridian spokesperson.
Representatives of Sui, Madison Capital and Namdar did not immediately respond to requests for comment.
Emily Davis can be reached at edavis@commercialobserver.com.
