Dive Lounge Leases Retail Space At 120 Orchard Street For 10 Years With Aryeh Vilinsky As The Broker

The retail asset located at 120 Orchard Street in the Lower East Side has a leased space totaling 2,200 square feet. The tenant, Dive Lounge, has secured a modified gross lease with an asking rent of $137 per square foot for a lease term of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $137/ft
• Lease Term: 10 Years
• Broker: Aryeh Vilinsky - BH Realty
• Tenant: Dive Lounge
• Market: Lower East Side
• Asset Address: 120 Orchard Street

The deal was facilitated by broker Aryeh Vilinsky representing BH Realty, who played a key role in connecting the tenant with the property. The transaction reflects a notable occupancy in the vibrant Lower East Side market.