David Jacobi Leases Retail Space At 15 Avenue B To SLG-DB Cannabis Dispensary
LEASED
$148
New York
See Similar DealsRetail1,210 SF
Leased 09/27/2024
LEASED
David Jacobi Leases Retail Space At 15 Avenue B To SLG-DB Cannabis Dispensary
15 Avenue B
See Similar DealsRetail1,210 SF
Leased 09/27/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$148
Total Square Footage:1,210 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 15 Avenue B in the East Village market. The modified gross lease was secured at an asking rent of $148 per square foot for a total area of 1,210 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $148/ft
- Square Footage: 1,210
- Lease Type: Modified Gross Lease
- Landlord: David Jacobi
- Tenant: SLG-DB (Cannabis Dispensary)
- Landlord's Representative: John Roesch - Meridian Capital Group
- Tenant's Representative: Natalie Sachmechi - Compass
This lease agreement was facilitated by John Roesch, representing the landlord, and Natalie Sachmechi, representing the tenant. Their involvement highlights the key brokerage companies, Meridian Capital Group and Compass, working in the East Village market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$206,349.37
Total Lease Value
$2,063,493.69
Net Landlord Cash Flow$206,349.37
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