GFP Real Estate extends The Tailor Public House lease at 505 Eighth Ave.

Manhattan, NY GFP Real Estate, LLC said that The Tailor Public House, a restaurant and bar near Madison Square Garden, has signed a five-year lease extension through 2038 for its existing 12,600 s/f corner retail space at 505 Eighth Ave. at the corner of 35^th St.

Allen Gurevich, sr. managing director of GFP represented the landlord and the tenant. The 12,600 s/f comprises 2,100 s/f of ground level retail , 9,200 s/f of mezzanine and 1,400 s/f of basement. The Tailor Public House first moved into the building in 2017; the lease extension adds five additional years to the restaurant’s existing 15-year lease.

505 Eighth Ave., originally known as the Hoover Building, was built in 1926 by the architect Chester James Storm. The 25-story, 275,000 s/fbuilding features a modernized, 24/7 attended lobby that is attended 24/7 and offers keycard access for convenient and secure access at all hours of the day. Situated on the Northwest corner of Eighth Avenue and 35^th Street, 505 Eighth Ave. is located one block away from Penn Station, with links to the A, C, E, 1, 2, and 3 subway lines, NJ Transit Trains, LIRR and Amtrak. Additionally, only a few blocks away are links to the B, D, F, M, N, Q, R, W subway lines which complement the already easy commute to and from the building.