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Toni Ruiz Of Mango Leases 13,000-sf Retail Space At 1976 Broadway For 10 Years
LEASED
New York
See Similar DealsRetail13,000 SF
Leased 02/19/2025
LEASED
Toni Ruiz Of Mango Leases 13,000-sf Retail Space At 1976 Broadway For 10 Years
1976 Broadway
See Similar DealsRetail13,000 SF
Leased 02/19/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$350
Total Square Footage:13,000 SF
Transaction Type:Lease
The retail asset located at 1976 Broadway spans 13,000 square feet and is situated in the Upper West Side market. The asking rent for this space was set at $350 per square foot. This transaction involves a 10-year lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $350/ft
- Lease Term: 10 years
- Landlord: Christopher M. Jeffries - Millennium Partners
- Tenant: Toni Ruiz - Mango
- Brokers: Doug Kleiman, Gene Spiegelman & Morgan Singer - Ripco
- SF: 13,000
This transaction marks a significant expansion for the Spanish fashion retailer Mango, as it opens its fourth location in New York City. The brand, based in Barcelona, has plans to establish 20 more stores across the United States in 2025 as part of its growth strategy.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$5,216,065.09
Total Lease Value
$52,160,650.87
Net Landlord Cash Flow$5,216,065.09
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