SW Management Leases 306 West 14th Street Multifamily Space To 375 Chicken N' Fries
LEASED
$190
New York
See Similar DealsMultiFamily1,000 SF
Leased 05/20/2024
LEASED
SW Management Leases 306 West 14th Street Multifamily Space To 375 Chicken N' Fries
306 West 14th Street
See Similar DealsMultiFamily1,000 SF
Leased 05/20/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$190
Total Square Footage:1,000 SF
Transaction Type:Lease
The property asset involved in this transaction is located at 306 West 14th Street in the West Village market. This multifamily building features a total area of 1,000 square feet and was leased under a modified gross lease at an asking rent of $190 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $190/ft
- Address: 306 West 14th Street
- Market: West Village
- Lease Type: Modified Gross Lease
- Landlord: SW Management
- Tenant: 375 Chicken n' Fries
- Brokers: Ely Akiva, Nick Anderson & Isaac Abed - Tri State Commercial Realty
This transaction involved key individuals from Tri State Commercial Realty, with Ely Akiva, Nick Anderson, and Isaac Abed representing the parties in the leasing deal. The focus was on securing a tenant for the multifamily asset owned by SW Management, successfully negotiating the terms needed for 375 Chicken n' Fries to occupy the space.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$217,813.71
Total Lease Value
$2,178,137.07
Net Landlord Cash Flow$217,813.71
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