NYC Elite Gymnastics signs long-term lease extension at 40 Worth St.

Manhattan, NY According to GFP Real Estate, NYC Elite Gymnastics Inc. has signed a new 20-year lease renewal for its 20,908 s/f location at 40 Worth St. in TriBeCa. 

“We are deeply grateful to the Gurals for their compassion and flexibility during the challenges of COVID-19. Their understanding and support made an incredibly difficult time more manageable, and their willingness to work with us showed true partnership,” said Tina Ferriola, founder and president of NYC Elite Gymnastics. “We are beyond excited to renew our lease and not only continue to work alongside the Gural family but also have the opportunity to continue bringing joy and confidence to the kids in our community through gymnastics. 

Roy Lapidus of GFP Real Estate represented the landlord, 40 Worth Street Associates, LLC, and the tenant in the transaction. 

"We are excited to see NYC Elite Gymnastics extend its long-term commitment at 40 Worth; they are an exceptional tenant dedicated to empowering young athletes and a true cornerstone of the neighborhood," said Lapidus. "Their decision to secure a permanent home here, with a family-oriented landlord like Jeff Gural who genuinely understands their needs, highlights their ongoing success and resilience."

NYC Elite Gymnastics is a premier gymnastics program based in Manhattan, offering high-quality instruction to children of all ages. With locations on the Upper East Side, Upper West Side and Tribeca, the gym provides a safe and engaging environment for both recreational and competitive gymnasts. 

NYC Elite Gymnastics’ sprawling facility at 40 Worth St. encompasses 10,987 s/f of ground level space, 2,761 s/f of lower-level mezzanine space and 7,160 s/f of space on the lower level. The company first moved into the building in 2015.