Next Millennium Productions Leases Multifamily Space To Manjul At 31 Howard Street In Soho
LEASED
$125
New York
See Similar DealsMultiFamily2,000 SF
Leased 11/01/2024
LEASED
Next Millennium Productions Leases Multifamily Space To Manjul At 31 Howard Street In Soho
31 Howard Street
See Similar DealsMultiFamily2,000 SF
Leased 11/01/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$125
Total Square Footage:2,000 SF
Transaction Type:Lease
The asset involved in this lease transaction is located at 31 Howard Street in the Soho market. It is classified as a multifamily property with an asking rent of $125 per square foot, encompassing a total of 2,000 square feet. The lease type for this transaction is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $250,000
- Address: 31 Howard Street
- Market: Soho
- Landlord: Next Millennium Productions
- Tenant: Manjul
- Broker: REQCE Commercial
- Lease Type: Modified Gross Lease
REQCE Commercial represented both parties involved in this lease. The tenant, Manjul, is a Ukrainian clothing brand that combines streetwear with high fashion, recognized for its minimalist designs and sustainable materials. This lease marks Manjul's expansion into the U.S. market, specifically with a store in Soho.
Players
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Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$286,596.98
Total Lease Value
$2,865,969.83
Net Landlord Cash Flow$286,596.98
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