444-446 Columbus Avenue
This is a straightforward retail lease transaction in the Upper West Side, a stable and high-foot-traffic Manhattan submarket with consistent demand from food and beverage operators. The asking rent of $120/SF for 10,000 SF is at or near market for prime Columbus Avenue corridor retail, and Boucherie's established restaurant brand provides reasonable tenancy quality. The landlord, Quinlan Family Limited Partnership, is a small family owner with limited but clean deal history, reducing counterparty risk without offering deep institutional backing. Representation by KSR, a reputable NYC retail brokerage, adds process credibility, though the deal carries no financing component from Homage's perspective as a lender. Overall, this is a clean, market-rate lease with no red flags, though its relevance to Homage's lending activities is limited absent a capital event.
Deal Stats
Parties
Seller / Landlord
The Quinlan Family Limited Partnership, represented by Timothy Quinlan, is a private family ownership entity with at least four recorded deals and approximately $34.3M in transaction volume on Traded, indicating a modest but active presence as a NYC retail landlord.
Buyer / Tenant
Boucherie is a French brasserie restaurant group with multiple locations in Manhattan, known for elevated French cuisine and a track record of occupying high-profile retail spaces in desirable NYC neighborhoods. Their expansion into the Upper West Side signals continued growth and financial stability as a tenant.
Score Analysis
Why this score
Tenant Quality & Track Record
Boucherie is an established French brasserie group with multiple Manhattan locations and demonstrated financial stability, reducing lease default risk.
Submarket Fundamentals
Columbus Avenue Upper West Side is a stable, high-foot-traffic corridor with consistent F&B demand and proven retail resilience.
Landlord Financial Depth
Quinlan Family Limited Partnership is a small private owner with modest deal volume ($34.3M total) and no institutional backing, limiting refinancing or recapitalization capacity.
Market Rent Alignment
The $120/SF asking rent for 10,000 SF appears market-rate for the corridor, providing no arbitrage or value-add opportunity.
Lending Relevance Gap
As a pure lease transaction with no financing component, this deal has limited applicability to Homage's lending thesis or capital deployment.
How to improve
The following actions could meaningfully improve this deal's Homage score. Each suggestion is based on the deal's profile, asset type, and current rating — addressing them before approaching a lender can increase approval likelihood and lower borrowing costs.
Secure Longer Lease Term
Negotiate a 10+ year primary lease with renewal options to reduce tenant churn risk and provide more predictable cash flows for potential refinancing.
Introduce Financing Component
Structure a construction loan or landlord tenant improvement financing with Homage to increase deal relevance and create equity value capture.
Strengthen Landlord Balance Sheet Due Diligence
Conduct deeper financial review of Quinlan Family Limited Partnership to assess refinancing capacity and reserves for extended lease holdout scenarios.
Raw Deal Textclick to expand
traded + Submit RE Growing Financial Partnerships For Over 30 Years. Get Started Home Deals New York Retail Lease 444 Columbus Avenue Share LEASED Boucherie Leases 10,000 SF Retail Space At 444-446 Columbus Avenue With KSR As Tenant's Rep $120 $120/SF BUILDING SIZE 10,000 SF ASSET TYPE CLOSING Jun 15, 2026 Overview Players Market Deal Summary Caption AI The property asset involved in this transaction is a retail space located at 444-446 Columbus Avenue in the Upper West Side market. The asking rent for the space is set at $120 per square foot, covering a total area of 10,000 square feet. The lease type is classified as a retail lease. Summary of transaction details: Property Type: Retail Transaction Amount: $120/ft Address: 444-446 Columbus Avenue Market: Upper West Side Square Footage: 10,000 Landlord: Timothy Quinlan - Quinlan Family Limited Partnership Tenant: Boucherie Landlord's Representative: Rafe Evans Tenant's Representatives: Jack Khaski, Hunter Lazan & Albert Manopla - KSR Lease Type: Retail Lease Key individuals involved in this transaction include the landlord Timothy Quinlan, representing the Quinlan Family Limited Partnership, and the tenant Boucherie. The representatives for the tenant are Jack Khaski, Hunter Lazan, and Albert Manopla from KSR, facilitating the agreement on behalf of the tenant. The landlord's interests are represented by Rafe Evans, further detailing the roles of various parties in the lease agreement. PLAYERS All Brokers Landlords | Tenants Albert Manopla Kassin Sabbagh Realty BROKER $4.3M VOL 87 deals Contact Jack Khaski 44 deals Rafe Evans 5 deals Hunter Lazan $200 10 deals TQ Timothy Quinlan LANDLORD $34.3M 4 deals Upper West Side Retail Market Snapshot Neighborhood boundary · Retail · Lease transactions Full Market → Comps Listings Map Investors Top Brokers 10 Lenders Loading comparables… Live We are telling CRE's story Traded is the #1 source for cutting-edge CRE transactions & insights. 1M+ DEALS 100K+ USERS 47 MARKETS 1.2M+ FOLLOWERS Browse Closings by State National Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Search News Agents Agencies About About Us FAQ Testimonials Help Help Center Pricing Return Policy Follow a feed NY @tradedny MIA @tradedmiami LA @tradedla CHI @tradedchicago BOS @tradedboston DAL @tradeddallas NJ @tradednj 18.2K The Traded Weekly Every major deal & ranking update — Friday mornings. Email © 2026 Traded Media LLC · All rights reserved. Terms & Conditions Privacy Disclaimer Cookie Policy Do Not Sell My Info Acceptable Use