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NY Fitness Fest Gym Leases Mixed-Use Space At 253 Fifth Avenue In NoMad

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LEASED

New York

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Mixed-use3,000 SF
Leased 06/16/2020
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LEASED

NY Fitness Fest Gym Leases Mixed-Use Space At 253 Fifth Avenue In NoMad

253 5th Avenue, Manhattan, New York, NY, USA

See Similar Deals
Mixed-use3,000 SF
Leased 06/16/2020
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Summary

NEW YORK
Asset Type:Mixed-use
Total Square Footage:3,000 SF
Transaction Type:Lease

253 Fifth Avenue in NoMad has been recently leased in a closed transaction. The asset is a mixed-use property.

Summary of transaction details

  • Property Type: Mixed-use
  • Address: 253 Fifth Avenue
  • Market: NoMad
  • Tenant: NY Fitness Fest Gym
  • Landlord: Gatsby Realty
  • Tenant's Representative: Nick Zarnin - Savillis
  • Landlord's Representatives: Chris Okada & Hiro Iwata - Okada & Company
  • Asking Rent: $42/ft.
  • Square Footage: 3,000 SF
  • Date of Lease: 06/16/2021

The tenant, NY Fitness Fest Gym, has secured the lease for this mixed-use property located at 253 Fifth Avenue in NoMad. The lease was facilitated by the tenant's representative, Nick Zarnin from Savillis, and the landlord's representatives, Chris Okada and Hiro Iwata from Okada & Company. The asking rent for the property was $42 per square foot for a 3,000 square foot space. The lease agreement was finalized on June 16, 2021.

NOTE FROM @ChrisOkada: FOLLOW @ChrisOkada! 472 Days... That's how many days it took for NYC to open back up. If you're reading this you made it out alive! Now its time to rebuild! Big Shout Out to all the hustlers and the deal closers that never left! I am very very sure your market share has increased & for everyone else... WELCOME BACK TO NEW YORK CITY!! Every deal counts! Always be closing! Betting on NYC!

Players

Christopher (Chris) Okada
84 deals$352.8M volume
BROKER

Hiro Iwata
Okada & Company
17 deals
BROKER

Nick Zarnin
Savills
3 deals
BROKER

Gatsby Enterprises
LANDLORD

Details

LEASED
IMAGE: Chris Okada & Hiro Iwata DATE: 06/16/2021 ADDRESS: 253 Fifth Avenue MARKET: NoMad ASSET TYPE: Mixed-use TENANT: NY Fitness Fest Gym 🏋️‍♀️ 🏃‍♀️ 🏊 LANDLORD: Gatsby Realty TENANT'S REP: Nick Zarnin - Savillis LANDLORD'S REP: Chris Okada (@ChrisOkada) & Hiro Iwata - Okada & Company (@OkadaCo) ASKING RENT: $42/ft. ~ SF: 3,000 NOTE FROM @ChrisOkada: FOLLOW @ChrisOkada! 472 Days... That's how many days it took for NYC to open back up. If you're reading this you made it out alive! Now its time to rebuild! Big Shout Out to all the hustlers and the deal closers that never left! I am very very sure your market share has increased & for everyone else... WELCOME BACK TO NEW YORK CITY!! Every deal counts! Always be closing! Betting on NYC!

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Deal Type
Effective Rent (Annual)

$171,958.19

Total Lease Value

$1,719,581.90

Net Landlord Cash Flow$171,958.19