Recent Commercial Real Estate Transactions - NY Times

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CoCo Fresh Tea & Juice is to open this summer at 646 Ninth Avenue, formerly a shoe repair shop, in Hell’s Kitchen.CreditMelanie Rieders/Rise Media

$231/SQ. FT.

$90,000 approximate annual rent

646 Ninth Avenue (between West 45th and 46th Streets)


A CoCo Fresh Tea & Juice shop specializing in bubble tea — part of a franchise that started in Taiwan in 1997 — has taken a 10-year lease, and received a three-month rent concession, for 388 square foot on the ground floor of this five-story Hell’s Kitchen building. The space was previously occupied by a shoe repair shop for over 30 years. The new shop, the 10th in Manhattan, is to open this summer next door to Juice Generation, which offers cold-pressed juices, smoothies and acai bowls.

Tenant: CoCo 46

Tenant’s Broker: Albert J. Manopla, Kassin Sabbagh Realty

Landlord: Amethyst West HDFC

Landlord’s Brokers: Dominic Coluccio and Danielle Nazinitsky, Corcoran Group

Danielle Nazinitsky