Manhattan, NY RTL represented Comfortland in lease at 92 Rivington St. in the Lower East Side, the 1,200 s/f space will open next month.
“When restaurants like Comfortland are ready to grow, they look for more than just a good zip code — they want a team that intimately understands the neighborhood and what makes a location work,” said Thomas Galo, executive vice president and partner at RTL.
Galo represented Comfortland in negotiating the 10-year lease agreement with the landlord.
“We’ve built something really special in Astoria, and the Lower East Side felt like the right place to grow,” said Donnie D’Alessio, founder and owner at Comfortland.
This marks Comfortland’s first expansion beyond Astoria, where its flagship location at 40-09 30th Ave. has become a local favorite. The move comes as restaurant leasing continues to surge across New York City, as data shows that between 2021 and the end of 2024, food and beverage deals have outpaced every other retail category in the borough.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,