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Sonder Leases Hotel Property At 130 Duane Street In TriBeCa

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LEASED
Aziz Kabbaj

New York

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Hotel20,000 SF
Leased
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Property Image
LEASED

Sonder Leases Hotel Property At 130 Duane Street In TriBeCa

130 Duane Street, Manhattan, New York, NY, USA

See Similar Deals
Hotel20,000 SF
Leased
Aziz Kabbaj
Contact now

Summary

NEW YORK
Asset Type:Hotel
Total Square Footage:20000 SF
Transaction Type:Lease

The property involved in this transaction is a hotel located at 130 Duane Street in TriBeCa. The lease was signed on 05/18/2021. The tenant of the property is Sonder, represented by Francis Davidson. The landlord is Premier Equities. The brokers involved in the deal are Robert Chattah and Aziz Kabbaj from Reshape Advisory. The asking rent for the property is $106 per square foot, with a total square footage of 20,000.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: Not applicable
  • Date: 05/18/2021
  • Address: 130 Duane Street
  • Market: TriBeCa
  • Tenant: Sonder (Francis Davidson)
  • Landlord: Premier Equities
  • Brokers: Robert Chattah & Aziz Kabbaj (Reshape Advisory)
  • Asking Rent: $106 per square foot
  • Total Square Footage: 20,000

The deal was facilitated by Robert Chattah and Aziz Kabbaj from Reshape Advisory. The transaction showcases the collaboration between Sonder, represented by Francis Davidson, and Premier Equities as the landlord. The property, located in the vibrant market of TriBeCa, attracted a rent of $106 per square foot with a total area of 20,000 square feet.

Players

10 deals$227M volume
BROKER

Aziz Kabbaj
8 deals$227M volume
BROKER

Premier Equities
LANDLORD

Details

LEASED
IMAGE: Robert Chattah, Yaron Jacobi, Francis Davidson & Aziz Kabbaj DATE: 05/18/2021 ADDRESS: 130 Duane Street MARKET: TriBeCa ASSET TYPE: Hotel TENANT: Sonder (@SonderStays) - Francis Davidson LANDLORD: @PremierEquities BROKERS: Robert Chattah & Aziz Kabbaj - Reshape Advisory ASKING RENT: $106/ft. ~ SF: 20,000

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Deal Type
Effective Rent (Annual)

$1,146,387.93

Total Lease Value

$11,463,879.31

Net Landlord Cash Flow$1,146,387.93