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Nili Lotan Opens First Men's Clothing Location In Tribeca With Jacob Harooni

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LEASED
$168

New York

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Retail1,000 SF
Leased 03/26/2024
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Property Image
LEASED

Nili Lotan Opens First Men's Clothing Location In Tribeca With Jacob Harooni

183 Duane Street

See Similar Deals
Retail1,000 SF
Leased 03/26/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$168
Total Square Footage:1,000 SF
Transaction Type:Lease

The retail property located at 183 Duane Street in Tribeca, Manhattan, was leased to Nili Lotan for their first men's clothing location. The property features 1,000 square feet of space, and the transaction was facilitated by Jacob Harooni of SP Capital Group, representing both the tenant, Nili Lotan, and the landlord, Hung Chang. The lease was a retail lease with an asking rent of $168 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 183 Duane Street
  • Market: Tribeca, Manhattan
  • Tenant: Nili Lotan
  • Landlord: Hung Chang
  • Broker: Jacob Harooni - SP Capital Group
  • Asking Rent: $168/ft
  • Size: 1,000 square feet
  • Lease Type: Retail Lease

Jacob Harooni, the broker from SP Capital Group, is an expert in real estate leasing, selling, and buying. He can be reached at (516) 423-1975. It is noteworthy that this lease marks Nili Lotan's venture into men's clothing, signifying a strategic expansion for the brand.

Players

Jacob Harooni
10 deals$52.1M volume(212) 343-3042
BROKER

Joshua "Josh" Pomerantz
SP Capital Group
31 deals$142.6M volume(212) 235-2764
BROKER

Details

LEASED
IMAGE: Jacob Harooni DATE: 03/26/2024 ADDRESS: 183 Duane Street MARKET: Tribeca, Manhattan ASSET TYPE: Retail LANDLORD: Hung Chang TENANT: Nili Lotan BROKER: Jacob Harooni (@JacobHarooni) - SP Capital Group (@SPCapitalGroup) ASKING RENT: $168/ft ~ SF: 1,000 LEASE TYPE: Retail Lease NOTE FROM BROKER: This is Nili Lotan's first men’s clothing location. Jacob represented both the tenant and the owner in this transaction. Jacob Harooni is an expert in real estate leasing, selling and buying. He can be contacted at (516) 423-1975.

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Deal Type
Effective Rent (Annual)

$192,593.17

Total Lease Value

$1,925,931.72

Net Landlord Cash Flow$192,593.17