New York, NY Eastern Consolidated’s retail leasing division has arranged a long-term, 1,350 s/f lease at 143 East 57th St. in Midtown East for Satori Laser, a hair removal center catering to New York City models that will open its fifth location on the second floor of this six-story building.
Eastern Consolidated’s retail leasing brokers James Famularo, principal and senior director, and Ravi Idnani, director, represented the tenant, Satori Laser. Jason Pruger and Kate Cohen from NGKF represented the building’s owner.
“Satori Laser is the largest boutique laser hair removal center in Manhattan and Long Island, providing treatments to 30,000 customers annually,” Famularo said. “While the center currently has a diverse customer base, it initially treated models exclusively and continues to have partnerships with 15 of New York City’s top modeling agencies.”
Idnani said, “Satori Laser was specifically looking to expand its operation in a desirable Midtown location, so 143 East 57th St. between Lexington and Third Aves. was a perfect fit. The site is on the busy 57th Street commercial corridor near Bloomingdales, luxury shopping on Fifth Ave., dozens of hotels, and the exclusive Sutton Place neighborhood.”
Satori Laser also has locations at 315 Madison Ave., 133 West 14th St., 488 Eighth Ave., and Hicksville.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.