Chuck Fitz Leases Mixed-Use Retail Space To Tea Leaf At 33 Saint Marks Place For $216/SF

The transaction involves a mixed-use property located at 33 Saint Marks Place in the East Village market. The asset is under a single net lease with an asking rent of $216 per square foot for a total of 1,000 square feet.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $216/ft
• Address: 33 Saint Marks Place
• Market: East Village
• Landlord: Chuck Fitz
• Tenant: Tea Leaf
• Landlord's Representative: Tyler Zar, Tanner Zar & Adam Lavian - Titan Group New York
• Tenant's Representative: Peter LaCroix - GFP Real Estate
• Lease Type: Single Net Lease
• Square Footage: 1,000

Both retail storefronts at this property were vacant for over a year before Titan Group was engaged to market the spaces. Titan Group succeeded in leasing both locations at strong rents, introducing new operators to a significant retail corridor in Manhattan.