Jay Suites Leases Retail Space At 159 West 25th Street In Chelsea
LEASED
New York
See Similar DealsRetail60,000 SF
Leased 11/11/2022
LEASED
Jay Suites Leases Retail Space At 159 West 25th Street In Chelsea
159 West 25th Street, New York City, New York 10001, United States
See Similar DealsRetail60,000 SF
Leased 11/11/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$30
Total Square Footage:60,000 SF
Transaction Type:Lease
The retail property located at 159 West 25th Street in Chelsea has been leased. The asset spans across 60,000 square feet and is owned by the Weinmann Family. The tenant, Jay Suites, will be occupying the space, represented by Juda Srour. The lease transaction was closed on 11/11/2022. The asking rent for the property was $30 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 11/11/2022
- Address: 159 West 25th Street, Chelsea
- Landlord: Weinmann Family
- Tenant: Jay Suites - Juda Srour
- Asking Rent: $30 per square foot
- Square Footage: 60,000
Jay Suites, represented by Juda Srour, will be the tenant in the retail property located at 159 West 25th Street in Chelsea. The lease transaction was completed on 11/11/2022. The property is owned by the Weinmann Family, who agreed to the terms of the lease. The asking rent for the 60,000 square foot space was $30 per square foot.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,063,498.28
Total Lease Value
$20,634,982.76
Net Landlord Cash Flow$2,063,498.28
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