Pizza Napoli to Open in 3K SF at 383 Fifth Avenue

As one pizzeria shuts down, another is growing in its place, Commercial Observer has learned.

Pizza Napoli has signed a 2,500-square-foot lease at Jonathan and Jan Soleimani’s 383 Fifth Avenue just off East 36th Street in Midtown, where asking rent started at $25,000 per month, according to landlord broker Meridian Capital Group.

The tenant signed a 15-year lease for the space, Meridian said. The site was previously the home of Famous Italian Pizza.

“Fifth Avenue retail continues to show real strength for food and beverage users, and this was a straightforward reposition — pizzeria to pizzeria, minimal downtime for the landlord,” Meridian’s Noam Aziz said in a statement. “Jonathan and Jan were great partners throughout the process, and Pizza Napoli is going to do well in that location given the foot traffic on that stretch.”

Aziz represented the landlords alongside Carson Shahrabani and Daniel Zacaim, while the tenant did not use any outside brokers.

“When a pizzeria space turns over on Fifth Avenue, the read-through for the neighborhood is usually positive — it tells you the trade area still supports that price point and that use,” Zacaim said in a statement. “Pizza Napoli is a strong operator stepping into a location with a built-in customer base.”

Pizza Napoli, which could not be reached for comment, has the potential to benefit from everyday foot traffic along Fifth Avenue, as well as from dispensary NY Cannabis Company, which is right next door.