SoulCycle owes a Flatbush Avenue landlord $393,000 after abruptly closing their business doors, reports Patch. The civil complaint, filed in Brooklyn court systems last week, accuses the fitness company of breaking their lease in their walk-up second-floor indoor cycling studio.
The studio stopped paying rent in January 2022, but it was only when an alarm went off inside the studio last September that the landlord discovered the company closed its doors long ago.
"Upon inspection, Landlord found the front door of the Premises unlocked, open, and the entire space was cleared out, including the signage out front," the complaint reads.
"Once inside the Premises, Landlord found a bag with the keys to the Premises."
The company announced in August 2022 that it would close a quarter of its studios, including four in New York City due to pandemic-related business shifts. However, the studio failed to disclose that its Park Slope location was listed as a potential closure -- leading to months of rent being skipped out on.
The lawsuit argues that the Flatbush Avenue location had roughly $65,000 in past rent owed between January and October 2022. But, it also argues that SoulCycle owes even more money after failing to notify their landlord of their imminent closure.
"To date, in breach of the Lease, Tenant owes Landlord for Rent, Additional Rent, and other charges the sum of no less than $393,057.14 (the 'Arrears'), plus late fees and interest," the complaint states.
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