Maison Welles Leases Retail Space At 18 East 13th Street From Penn South Capital For 10 Years
LEASED
$150
New York
See Similar DealsRetail2,200 SF
Leased 01/01/2025
LEASED
Maison Welles Leases Retail Space At 18 East 13th Street From Penn South Capital For 10 Years
18 East 13th Street
See Similar DealsRetail2,200 SF
Leased 01/01/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$150
Total Square Footage:2,200 SF
Transaction Type:Lease
The retail asset located at 18 East 13th Street in the Greenwich Village market features a total square footage of 2,200. The lease for this property was finalized at an asking rent of $150 per square foot. The lease is structured as a Modified Gross Lease and spans a term of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Penn South Capital
- Tenant: Maison Welles
- Brokers: Ravi Idnani, Andrew Stern & Julia Singer - Newmark
The individuals involved in this transaction include Ravi Idnani, Andrew Stern, and Julia Singer from Newmark, who represented both the landlord and the tenant during the leasing process.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$378,308.02
Total Lease Value
$3,783,080.17
Net Landlord Cash Flow$378,308.02
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