Heat NYC Inc. Leases Retail Space On Rivington Street In Lower East Side

A retail space located at 112 Rivington Street in the Lower East Side has been leased. The property, with a size of 3,360 square feet, was leased by HEAT NYC Inc. The landlord, JPZ Holdings, represented by Jiu Zhang, and the tenant were facilitated in the transaction by Christopher Okada from Okada & Company. The asking rent for the space was $120 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 112 Rivington Street
• Market: Lower East Side
• Landlord: JPZ Holdings - Jiu Zhang
• Tenant: HEAT NYC Inc
• Broker: Christopher Okada - Okada & Company
• Asking Rent: $120 per square foot
• Square Footage: 3,360

Christopher Okada from Okada & Company played a key role as the broker in facilitating the lease of the retail space. This transaction highlights the current opportunities in the real estate market, with increased availability and reduced competition due to changes in work environments. Despite the need for people to return to the city, there are still deals to be made in New York City.