Building Equity Management Leases Retail Space To Grande Gusto Restaurant At 188 Grand Street In SoHo East, Manhattan
LEASED
$195
New York
See Similar DealsRetail2,500 SF
Leased 09/01/2023
LEASED
Building Equity Management Leases Retail Space To Grande Gusto Restaurant At 188 Grand Street In SoHo East, Manhattan
188 Grand Street
See Similar DealsRetail2,500 SF
Leased 09/01/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$195
Total Square Footage:2,500 SF
Transaction Type:Lease
Grande Gusto Restaurant has recently signed a lease agreement for a retail space located at 188 Grand Street in the SoHo East neighborhood of Manhattan. The property, managed by Building Equity Management, offers a total area of 2,500 square feet. The lease is classified as a full-service gross lease, with an asking rent of $195 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease Agreement
- Address: 188 Grand Street
- Market: SoHo East, Manhattan
- Landlord: Building Equity Management
- Tenant: Grande Gusto Restaurant
- Broker: Jared Minc - Building Equity Management LLC
- Asking Rent: $195/ft
- Square Footage: 2,500
- Lease Type: Full-Service Gross
The lease transaction was facilitated by Jared Minc from Building Equity Management LLC, acting as the landlord's representative throughout the deal. Grande Gusto Restaurant, an esteemed eatery, will soon be opening its doors at this prime retail space, adding to the vibrant culinary scene in SoHo East.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$558,864.12
Total Lease Value
$5,588,641.16
Net Landlord Cash Flow$558,864.12
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