John Young Leases Retail Space At 138 Bowery Manhattan For $77 Per Foot

This retail property, located at 138 Bowery in Manhattan, has a lease type classified as a Single Net Lease. The asking rent for the property stands at $77 per square foot, and the total square footage is 12,317. The landlord responsible for this transaction is John Young.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $77/ft
• Square Footage: 12,317
• Address: 138 Bowery
• Market: Manhattan
• Landlord: John Young
• Landlord's Representative: Bobby Ortense, James Famularo & Cole Kleppinger - Meridian Capital Group
• Lease Type: Single Net Lease

The deal was facilitated by Meridian Capital Group, which was retained as the landlord's representative after a lengthy period of the store being vacant for six years. The team was successful in sending out two leases to qualified tenants and effectively managing the lease process to monetize the entire space within months.