---
title: "Bakery Shop Cafe Aroma to Open New Spot on the Upper East Side"
url: https://burnaze.com/article/b5524926-fc98-40f9-b497-d2cdf4c6cee6
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/07/cafe-aroma-lease-upper-east-side-madison-avenue/
author: "Amanda Schiavo"
category: "Real Estate"
topics: ["Development & multi-unit"]
published: 2026-07-17T16:05:12.000Z
modified: 2026-10-31T13:18:08.577Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/07/Jacob-Mayer-1410-Madison-Ave-credit-Propertyshark.jpg?quality=80&resize=1200%2C630&strip=
---

# Bakery Shop Cafe Aroma to Open New Spot on the Upper East Side

**TL;DR:** Cafe Aroma is opening a new coffee shop and bakery at 1410 Madison Avenue on the Upper East Side. The family-owned business has taken 2,200 square feet of retail space at the base of the residential building owned by Avenues Equity Partners.

*By Amanda Schiavo, originally published in Commercial Observer on 2026-07-17. [Read the original](https://commercialobserver.com/2026/07/cafe-aroma-lease-upper-east-side-madison-avenue/).*

## Story

Time to rise and grind, Upper East Siders, as a new coffee shop and bakery is set to open at **Avenues Equity Partners**’ **1410 Madison Avenue** in Carnegie Hill.

Family-owned coffee shop and bakery **Cafe Aroma** has taken 2,200 square feet of retail space at the base of the five-story residential building, according to landlord broker **Meridian Capital Group**.

The asking rent and the length of the lease were not disclosed. The average asking rent for retail space on the Upper East Side was $252 per square foot during the second quarter of 2026, according to data from **CBRE**.

Meridian’s **Jacob Mayer** represented the landlord in this deal, while **Shai Baradarian** and **Tamir Baradarian** of **eRealty Advisors** represented Cafe Aroma. The Baradarians did not immediately respond to Commercial Observer’s request for comment.

“1410 Madison Avenue is a rare turnkey restaurant space in a high-traffic Upper East Side location, and it generated strong interest from operators looking to be near **Mount Sinai** and Carnegie Hill’s dense residential base,” Mayer said in a statement. “Cafe Aroma is a great fit for the space, and we’re pleased to have completed a lease that positions both the landlord and the tenant for long-term success in the corridor.”

This will be Cafe Aroma’s sixth Manhattan location and its first on the Upper East Side.

Avenues Equity Partners acquired 1410 Madison Avenue and **1412 Madison Avenue** for $6.3 million in January 2025, according to property records.

## Entities

- Real Estate (sector)
- store opening (topic)
- Commercial Observer (publication)
- CBRE (company)
- Amanda Schiavo (person)
- Meridian Capital Group (company)
- retail lease (topic)
- upper east side (topic)
- Cafe Aroma (company)
- Avenues Equity Partners (investor)
- Jacob Mayer (person)
- Shai Baradarian (person)

---
Originally reported by Amanda Schiavo, Commercial Observer (https://commercialobserver.com/2026/07/cafe-aroma-lease-upper-east-side-madison-avenue/). Summarized by Burnaze (https://burnaze.com/article/b5524926-fc98-40f9-b497-d2cdf4c6cee6).