BLDG Management Leases Retail Space To Abbode At 153 Prince Street For $250 Per Ft In SoHo

The property asset involved in this transaction is a retail space located at 153 Prince Street in the SoHo market of Manhattan. The asking rent for the space is $250 per square foot, and it encompasses a total of 1,500 square feet. The lease term agreed upon is for 10 years, and it is structured as a modified gross lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $250/ft
• Square Footage: 1,500
• Address: 153 Prince Street
• Market: SoHo, Manhattan
• Lease Term: 10 years
• Lease Type: Modified Gross Lease
• Landlord: BLDG Management
• Tenant: Abbode
• Landlord's Representative: Jeremy Banilevi & Cory Zelnik - Zelnik & Company
• Tenant's Representative: Kathryn Cruz & Mariko Tanaka - Cushman & Wakefield

This transaction highlights the roles of key individuals involved, including the landlord's representatives, Jeremy Banilevi and Cory Zelnik from Zelnik & Company, who facilitated the deal on behalf of BLDG Management. Additionally, Kathryn Cruz and Mariko Tanaka from Cushman & Wakefield represented the tenant, Abbode, during the lease negotiation process.