Olde City Cheesesteaks & Brew Leases Retail Space In Chelsea For $140/ft. At 201 Eighth Avenue
LEASED
+ 1
New York
See Similar DealsRetail2,400 SF
Leased 11/15/2021
LEASED
Olde City Cheesesteaks & Brew Leases Retail Space In Chelsea For $140/ft. At 201 Eighth Avenue
201 8th Avenue, Chelsea, New York, NY, USA
See Similar DealsRetail2,400 SF
Leased 11/15/2021
+ 1
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:2,400 SF
Transaction Type:Lease
The retail property located at 201 Eighth Avenue in Chelsea has been leased. The lease transaction took place on November 15, 2021. The property, spanning 2,400 square feet, is situated in a prime market.
Summary of transaction details
- Property Type: Retail
- Transaction Date: November 15, 2021
- Address: 201 Eighth Avenue, Chelsea
The landlord for this lease is Dimitris Vattes of Velios Capital. The tenant is Olde City Cheesesteaks & Brew. Andrew Taub from Newmark acted as the tenant's representative in the deal, while Ben Biberaj and Andrew Ingber from Meridian Retail Leasing represented the landlord during negotiations.
The asking rent for the leased property was $140 per square foot.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$137,566.55
Total Lease Value
$1,375,665.52
Net Landlord Cash Flow$137,566.55
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