Commercial Real Estate & Advisory

Cupcake Bakery in Rare Village

March 31, 2010

Sinvin Realty, LLC announced that Chicago-based cupcake bakery, Molly’s Cupcakes, has taken over the lease from Rare Burger at 228 Bleecker Street, for Molly’s first New York City location.

Sinvin senior director, KRISTIN McCANN, represented Molly’s in the negotiations, while Steve May of BCD Realty represented Rare Burger.

Molly’s looks forward to joining popular bakeries in the area, such as Sweet Revenge, Crumbs, Baked By Melissa, and the famous Magnolia Bakery.

“Molly’s will benefit from this stretch of Bleecker Street’s heavy foot-traffic,” said McCann. “Molly’s is [also] committed to being involved with local schools, donating part of the store’s proceeds.”
The lease assignment is for four and a half years plus a five-year option to renew.

The space is 1,200 s/f on the ground floor, with a full basement and 20 feet of frontage on Bleecker Street.
The reported rent is $110 psf.