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Levain Bakery Leases 3,000 SF Retail Space At 122 Fifth Ave. From Bromley Cos
LEASED
New York
See Similar DealsRetail3,000 SF
Leased 07/19/2023
LEASED
Levain Bakery Leases 3,000 SF Retail Space At 122 Fifth Ave. From Bromley Cos
122 Fifth Avenue New York, New York 10011, Usa
See Similar DealsRetail3,000 SF
Leased 07/19/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:3,000 SF
Transaction Type:Lease
Levain Bakery has leased 3,000 square feet of retail space at 122 Fifth Ave., Manhattan. The property, owned by Bromley Cos, is located in a prime location in the bustling market of Manhattan.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Square Footage: 3,000
- Address: 122 Fifth Ave, Manhattan
- Market: Manhattan
In this lease transaction, Levain Bakery will be occupying the retail space at 122 Fifth Ave. Their new location will provide them with ample space to carry out their bakery operations. The deal was facilitated by Newmark, who represented Levain Bakery in the negotiation process. Cushman & Wakefield, acting as the landlord's representative, worked on behalf of Bromley Cos in securing the lease agreement.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$171,958.19
Total Lease Value
$1,719,581.90
Net Landlord Cash Flow$171,958.19
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