Fête New York Leases 12063 Square Feet At 231 W 39th St With Michael Yadgard As Tenant's Rep
LEASED
$125
New York
See Similar Deals12,063 SF
LEASED
Fête New York Leases 12063 Square Feet At 231 W 39th St With Michael Yadgard As Tenant's Rep
231 W 39th St, New York, NY, 10018
See Similar Deals12,063 SF
Summary
NEW YORK
Price Per Square Foot:$125
Total Square Footage:12,063 SF
Transaction Type:Lease
A food hall named Fête New York will occupy 12,063 square feet at 231 W 39th St in New York. The property is located in the Garment Center and has a rental rate of $125 per square foot. The space is being designed by Carpenter & Mason and will feature nine culinary concepts created by former Godiva executive Doris Huang, with a central bar focusing on local brews and spirits.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: $125 per square foot
- Address: 231 W 39th St, New York, NY, 10018
- Market: New York
- Landlord: 231/249 West 39 Street Associates
- Tenant: Fête New York
- Tenant's Rep: Michael Yadgard (Compass)
- Square Feet: 12,063
Michael Yadgard of Compass represented Fête New York in this lease agreement, which spans 16 years. The ownership of the property, known as the Contemporary Fashion Center, was represented by James Buslik and Jeffrey Buslik of Adams & Co.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,728,609.70
Total Lease Value
$17,286,097.02
Net Landlord Cash Flow$1,728,609.70
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