Famularo and Geoghegan of Eastern Consolidated arranges 1,650 s/f lease

Manhattan, NY Eastern Consolidated’s Retail Leasing Division has arranged a 10-year, 1,650 s/f lease at 195 Bleecker St. between Macdougal St. and Avenue of the Americas for Rice Cream Shoppe, a new dessert concept opening its first New York City location. Rice Cream Shoppe will be serving a variety of flavors of rice pudding and offer gluten free, low fat, vegan options at the Greenwich Village location, which features 750 s/f on the ground floor and 900 s/f on the lower level. James Famularo, senior director of the Retail Leasing Division for Eastern Consolidated, and Jeff Geoghegan, director, represented Rice Cream Shoppe, while the landlord, Celestial Seven, LLC, was represented by Matthew Olden and William Abramson of Buchbinder & Warren Realty Group. “The owners of Rice Cream Shoppe are experienced restauranteurs in New Jersey where they have been preparing and serving flavored rice pudding to enthusiastic customers for many years,” said Geoghegan. “They reached out to us to help them find a Manhattan storefront where they could open their first free standing site featuring a variety of flavors of rice pudding. After looking at a number of neighborhoods they selected this location because of its heavy foot traffic and student population.” Greenwich Village boasts 65,000 residents with an average household income of nearly $112,000, and 50,000 college students from New York University, Cooper Union, the New School, and Cardozo Law who have estimated monthly discretionary spending of between $600 and $1,100.