SMA Equities Leases Mixed-Use Space To Derschutze At 22 Spring Street In Nolita
LEASED
$200
New York
See Similar DealsMixed-use1,300 SF
Leased
LEASED
SMA Equities Leases Mixed-Use Space To Derschutze At 22 Spring Street In Nolita
22 Spring Street
See Similar DealsMixed-use1,300 SF
Leased
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$200
Total Square Footage:1300 SF
Transaction Type:Lease
The property asset involved in this transaction is a mixed-use building located at 22 Spring Street in the Nolita market. The lease has an asking rent of $200 per square foot for a total area of 1,300 square feet. The lease type is a modified gross lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $200/ft
- Square Footage: 1,300
- Address: 22 Spring Street
- Market: Nolita
- Landlord: SMA Equities
- Tenant: Derschutze
- Landlord's Representative: Lee Block
- Tenant's Representative: Jeremy Banilevi - Zelnik & Company
This deal features key individuals from both sides of the transaction. The landlord is represented by Lee Block, while the tenant is represented by Jeremy Banilevi, who works with Zelnik & Company. Their roles were crucial in facilitating the lease agreement between SMA Equities and Derschutze.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$298,060.86
Total Lease Value
$2,980,608.62
Net Landlord Cash Flow$298,060.86
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