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Ramen Restaurant Leases Retail Space In Chelsea Manhattan For $172/sf

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LEASED
$172
Lindsay Zegans
Ben Sabin
+ 2

New York

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Retail1,400 SF
Leased
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Property Image
LEASED

Ramen Restaurant Leases Retail Space In Chelsea Manhattan For $172/sf

104 8th Avenue

See Similar Deals
Retail1,400 SF
Leased
Lindsay Zegans
Ben Sabin
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$172
Total Square Footage:1400 SF
Transaction Type:Lease

The retail property located at 104 8th Avenue in Chelsea, Manhattan, was leased for a total of 1,400 square feet at an asking rent of $172 per square foot. The landlord, Daniel Wrublin of Dalan Management, secured a lease with a Ramen Restaurant. The property was represented by Richard Skulnik, Lindsay Zegans, Ben Sabin, and Mary Schwagerl from Ripco on behalf of the landlord, while the tenant, Ramen Restaurant, was represented by Noam Aziz from Meridian Capital Group.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Address: 104 8th Avenue
  • Market: Chelsea, Manhattan
  • Landlord: Daniel Wrublin - Dalan Management
  • Tenant: Ramen Restaurant
  • Landlord's Rep: Richard Skulnik, Lindsay Zegans, Ben Sabin & Mary Schwagerl - Ripco
  • Tenant's Rep: Noam Aziz - Meridian Capital Group
  • Asking Rent: $172/ft
  • SF: 1,400
  • Lease Type: Retail Lease

The deal involved key individuals such as Richard Skulnik, Lindsay Zegans, Ben Sabin, and Mary Schwagerl representing the landlord, Daniel Wrublin, on one side. On the other side, Noam Aziz represented the tenant, Ramen Restaurant, in the retail lease transaction. This lease agreement highlights the collaborative efforts of the landlord's representatives from Ripco and the tenant's representative from Meridian Capital Group in successfully securing the deal.

Players

Ben Sabin
3 deals
BROKER

Richard Skulnik
Ripco
9 deals
BROKER

Lindsay Zegans
Ripco
13 deals
BROKER

Noam Aziz
Meridian Capital Group
198 deals(212) 468-5984
BROKER

Details

LEASED
IMAGE: Noam Aziz, Lindsay Zegans, Richard Skulnik, Mary Schwagerl & Ben Sabin DATE: 04/15/2024 ADDRESS: 104 8th Avenue MARKET: Chelsea, Manhattan ASSET TYPE: Retail LANDLORD: Daniel Wrublin - Dalan Management TENANT: Ramen Restaurant LANDLORD'S REP: Richard Skulnik (@R_Skully), Lindsay Zegans (@LZegans), Ben Sabin & Mary Schwagerl (@MarySchwag) - Ripco (@RipcoRealEstate) TENANT'S REP: Noam Aziz (@NoamAziz) - Meridian Capital Group (@Meridian_Retail_Leasing) ASKING RENT: $172/ft ~ SF: 1,400 LEASE TYPE: Retail Lease

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Deal Type
Effective Rent (Annual)

$276,050.21

Total Lease Value

$2,760,502.14

Net Landlord Cash Flow$276,050.21