Cafe Aroma Leases Upper East Side Retail Spot at 1410 Madison Avenue

Family-owned bakery and coffee chain Cafe Aroma is expanding its footprint in Manhattan with a new lease in Carnegie Hill. The tenant has secured 2,200 square feet of ground-floor retail space at 1410 Madison Avenue, a property owned by Avenues Equity Partners. This location marks the operator’s sixth outpost in the borough and its first entry into the Upper East Side market.

The lease was negotiated by Meridian Capital Group, with Jacob Mayer representing the landlord. Shai Baradarian and Tamir Baradarian of eRealty Advisors acted on behalf of the tenant. While the specific rental rate and lease duration were not made public, the transaction comes as the retail sector in the area sees specific asking prices. According to data from CBRE Group, Inc., the average asking rent for retail space on the Upper East Side stood at $252 per square foot during the second quarter of 2026.

1410 Madison Avenue is part of a five-story residential building situated in a high-density area. Mayer noted that the property attracted significant interest due to its proximity to Mount Sinai and the surrounding residential neighborhood. Avenues Equity Partners acquired both 1410 and 1412 Madison Avenue in January 2025 for a combined total of $6.3 million, according to property records.

CBRE Group, Inc. provides commercial real estate services and operates globally through segments such as Advisory Services, Building Operations and Experience, and Real Estate Investments. The firm’s data offers insight into prevailing market conditions for leases like the one signed by Cafe Aroma.

What to watch

• Future store opening announcements from Cafe Aroma for the 1410 Madison Avenue location.
• Q3 2026 market reports for updates on Upper East Side retail rental trends.
• Further acquisition or leasing activity by Avenues Equity Partners.

Source: original release