News: Brokerage

Modern Bread & Bagel signs 15-year lease at 248 Broome Street

Manhattan, NY Modern Bread & Bagel, the gluten-free bagel and bakery concept, is making its way to the Lower East Side. The company has signed a 15-year lease for space at 248 Broome Street, formerly home to Erin McKenna’s Bakery. This marks Modern Bread & Bagel’s fourth New York City location and seventh nationwide, continuing its rapid expansion across major markets.

The deal was arranged by Meridian Retail Leasing, with senior director Garrett Kelly and director Noam Aziz representing the landlord, while senior director Ben Biberaj and associate Desi Avidane represented the tenant. The deal underscores the continued strength of the city’s food and beverage sector, particularly in neighborhoods like the Lower East Side, where specialty concepts thrive.

“This is a fantastic addition to the Lower East Side,” said Avidane of Meridian Retail Leasing. “Modern Bread & Bagel has built a dedicated following, and their gluten-free bagels will fit perfectly in a neighborhood that appreciates innovative and high-quality food options. The fact that they’re taking over a space formerly occupied by another gluten-free bakery makes this transition even more seamless.”

The new location offers 600 s/f on the ground floor and 900 s/f in the basement, providing space for both retail and kitchen operations. Popular neighboring establishments include Eel Bar, The Ten Bells, Dudley’s, Barrio Chino, Somm Time, Sunday to Sunday, Bar Valentina, Zest Sushi Izakaya, and Mila’s Bistro. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.