Parag Sawhney Jaan Leases Retail Space To Arete Studios At 116 Suffolk Street For $100/ft
LEASED
$100
+ 2
New York
See Similar DealsRetail2,500 SF
Leased 04/09/2026
LEASED
Parag Sawhney Jaan Leases Retail Space To Arete Studios At 116 Suffolk Street For $100/ft
116 Suffolk Street
See Similar DealsRetail2,500 SF
Leased 04/09/2026
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$100
Total Square Footage:2,500 SF
Transaction Type:Lease
This retail asset is located at 116 Suffolk Street in the Lower East Side market. It involves a lease with an asking rent of $100 per square foot for a total area of 2,500 square feet. The lease type is a single net lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $250,000
- Landlord: Parag Sawhney Jaan
- Tenant: Arete Studios
- Landlord's Representative: Noam Aziz, Carson Shahrabani & Max Freudenberger - Meridian Capital Group
- Tenant's Representative: Max Swerdloff & Isabel Krajovan - AMPS
The transaction was facilitated by Meridian Capital Group representing the landlord alongside AMPS representing the tenant, highlighting the collaborative efforts of both parties in securing this lease agreement.
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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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