Second Avenue Retailer Bows Out for New Subway

Published on November 16, 2010
By Adrianne Pasquarelli

Another victim of the Second Avenue subway line is taking its business elsewhere. Falk Surgical Supplies, which has been a fixture on Second Avenue at East 72nd Street for decades, recently signed a 12-year deal for 3,000 square feet at 1161 First Ave., at East 64th Street.

“They are relocating to make way for a subway stop planned for their current space,” says Candice Dobbs, the Dobbs Associates broker who represented the medical equipment supplier in negotiations. Since construction began three years ago for the extension of the Q subway line up Second Avenue from East 63rd Street to East 103rd Street, several retailers have shuttered and many others have reported huge sales declines.

Asking rent for the First Avenue spot, which also has an 800-square-foot basement, was $150 a square foot. The retailer is currently in the planning stages for its new space.

Andrew Mandell and Richard Skulnik of Ripco Real Estate represented landlord St. Tropez Condominium.