The Smiley Company Leases Multifamily Space From Delshah Capital At 138 Ludlow Street
LEASED
$270
New York
See Similar DealsMultiFamily550 SF
Leased 01/01/2025
LEASED
The Smiley Company Leases Multifamily Space From Delshah Capital At 138 Ludlow Street
138 Ludlow Street
See Similar DealsMultiFamily550 SF
Leased 01/01/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$270
Total Square Footage:550 SF
Transaction Type:Lease
The property involved in this transaction is a multifamily asset located at 138 Ludlow Street in the Lower East Side market. The asking rent for this space is set at $270 per square foot with a total square footage of 550. The lease type is a modified gross lease.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $270/ft
- Address: 138 Ludlow Street
- Market: Lower East Side
- Landlord: Delshah Capital
- Tenant: The Smiley Company
- Broker: REQCE Commercial
- Lease Type: Modified Gross Lease
The Smiley Company, a global brand recognized for promoting happiness through various media, has successfully secured this prime location. The deal was facilitated by REQCE Commercial, representing the tenant in this lease agreement.
Players
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Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$170,238.61
Total Lease Value
$1,702,386.08
Net Landlord Cash Flow$170,238.61
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