Douglas Elliman Acquires Multifamily Property In Lower East Side From Judah Fein

A multifamily property located at 74 Orchard Street in the Lower East Side was recently leased. The transaction involved LAAMS @SRBPNYC as the tenant and Judah Fein as the landlord. The property is situated in a vibrant market, offering a unique living experience.

Summary of transation details

• Property Type: Multifamily
• Tenant: LAAMS @SRBPNYC
• Landlord: Judah Fein
• Address: 74 Orchard Street
• Market: Lower East Side

The leasing deal was facilitated by a team of representatives. Kavan Edwards, Noah Neacsu, Josh Frank, and Tim Graney from Misrahi Realty Group acted as the seller's representatives. On the buyer's side, Tom Brady from Douglas Elliman, represented the tenant LAAMS @SRBPNYC.

The leasing deal for this property was completed at a rate of $55 per square foot, with an approximate size of 2,600 square feet.

LAAMS @SRBPNYC plans to create a multi-brand experience at this location. The space will feature curated art, vintage and rare clothing, collectibles, books, and home goods. Additionally, there will be revolving pop-up shops, a custom denim lab, and a custom embroidery lab. The property will also offer a books and magazines reading area, fostering creativity and serving as a gathering place for like-minded individuals.