Planta Leases 2,500 SF Retail Space In SoHo, Manhattan With Tenant's Rep Lindsay Zegans & Richard Skulnik
202 6th Avenue, New York City, New York 10013, United States
Building Size
2,500 SF
Asset Type
Retail
Closing
Jan 31, 2022
AI
This busy 2,500 SF retail space located at 202 6th Avenue in SoHo, Manhattan was recently leased to Planta, a high-end plant-based dining restaurant. The lease was facilitated by Lindsay Zegans and Richard Skulnik of RIPCO Real Estate, who represented the tenant, and Aaron Aziz and James Bullaro of Avenue Realty Advisors, who represented the landlord. The lease was finalized on 02/01/2022 at an asking rent of $173 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 202 6th Avenue, SoHo, Manhattan
- Market: SoHo, Manhattan
- Tenant: Planta
- Tenant's Rep: Lindsay Zegans & Richard Skulnik - RIPCO Real Estate
- Landlord: Gatsby Enterprises
- Landlord's Rep: Aaron Aziz & James Bullaro - Avenue Realty Advisors
- Asking Rent: $173/ft.
- Square Footage: 2,500 SF
In this particular lease, Planta, known for its high-end plant-based dining, leased this corner retail space in SoHo. Lindsay Zegans and Richard Skulnik of RIPCO Real Estate represented the tenant, while Aaron Aziz and James Bullaro of Avenue Realty Advisors represented the landlord. The exclusive listing was a part of Avenue Realty Advisors' commercial space portfolio. For more exclusive listings, you can visit their website at https://www.aranyc.com/listings/. If you are interested in leasing your vacant commercial space or looking for a new commercial space, you can reach out to their leasing specialists.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93