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Clown Car Leases Retail Space In Lower East Side Manhattan With Okada & Company

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LEASED
$150
Francis Leung
Christopher (Chris) Okada
Avery Reavill

New York

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Retail5,000 SF
Leased 03/01/2024
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Property Image
LEASED

Clown Car Leases Retail Space In Lower East Side Manhattan With Okada & Company

183 Bowery

See Similar Deals
Retail5,000 SF
Leased 03/01/2024
Francis Leung
Christopher (Chris) Okada
Avery Reavill
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$150
Total Square Footage:5,000 SF
Transaction Type:Lease

The retail property at 183 Bowery located in the Lower East Side, Manhattan, was leased through a ground lease. The asset spans 5,000 square feet with an asking rent of $150 per square foot.

Summary of transaction details:

The lease transaction was facilitated by Avery Reavill, Francis Leung, and Christopher Okada of Okada & Company. This deal marks the 20th transaction of the year for the brokerage, with a total of 684,471 square feet of space leased since 2021. Okada & Co. prides itself on its extensive portfolio in Midtown Manhattan, highlighting its success in the post-pandemic office market.

Players

Christopher (Chris) Okada
Okada & Company
Christopher Okada
84 deals$352.8M volume
BROKER
Francis Leung
Okada & Company
Francis Leung
7 deals$200.2M volume
BROKER
Avery Reavill
Okada & Company
Avery Reavill
22 deals(860) 841-1277
BROKER

Details

LEASED
IMAGE: Avery Reavill, Christopher Okada & Francis Leung DATE: 03/01/2024 ADDRESS: 183 Bowery MARKET: Lower East Side, Manhattan ASSET TYPE: Retail LANDLORD: Peter Fung TENANT: Clown Car BROKERS: Avery Reavill (@Avery_Reavill), Francis Leung (@NYCFrancis) & Christopher Okada (@ChrisOkada) - Okada & Company (@OkadaCo) ASKING RENT: $150/ft. ~ SF: 5,000 LEASE TYPE: Ground Lease NOTE FROM BROKER: šŸŽ‰ EVERY DEAL COUNTS! ALWAYS BE CLOSING! BETTING ON NYC!šŸŽ‰ Okada & Co. is delighted to announce the leasing of 5,000 SF at 183 Bowery, to Clown Car Hospitality! šŸ“ Property: 183 Bowery, New York, NY šŸ¢ Asset Class: Free Standing Retail Building šŸ“ Size: 5,000 SF šŸ“ˆ Milestone: 20th transaction of the year šŸŽ‰šŸŽ‰šŸŽ‰šŸŽ‰ šŸ“ˆ Milestone: 684,471 SF of Space Leased since 2021 Follow @ChrisOkada for everything NYC Office & CRE. With a portfolio boasting over 4 million square feet of commercial real estate in Midtown Manhattan, Okada has positioned itself as one of the most prominent players in the post-pandemic office market. This is attributed to its approach of being ready to make deals, its quick turnaround time, its marketing prowess, and its broker-friendly approach. Brokers! We have a bonus & incentives property list for Summer 2024 & beyond. Email [email protected] for more info as well as www.okadaco.com for all our properties.

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Deal Type
Effective Rent (Annual)

$859,790.95

Total Lease Value

$8,597,909.48

Net Landlord Cash Flow$859,790.95