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202 6th Avenue, New York Ci...

Planta Leases 2,500 SF Retail Space In SoHo, Manhattan With Tenant's Rep Lindsay Zegans & Richard Skulnik
LEASEDRetail

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

Aaron Aziz

ARA

Broker

47 deals

Broker
Gatsby Enterprises
Gatsby EnterprisesLandlord

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