AMBITION Signs Lease For Retail Space At 220 5th Avenue In NoMad With Landlord Stellar Management
LEASED
New York
See Similar DealsRetail5,874 SF
Leased 09/15/2022
LEASED
AMBITION Signs Lease For Retail Space At 220 5th Avenue In NoMad With Landlord Stellar Management
220 5th Avenue, New York City, New York 10118, United States
See Similar DealsRetail5,874 SF
Leased 09/15/2022
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:5,874 SF
Transaction Type:Lease
Stellar Management has leased the retail space located at 220 5th Avenue in the NoMad market. The tenant, AMBITION, has secured the lease for this property. The deal was facilitated by the brokers Jay Siano and Sean Young from SABRE, along with Patrick O'Rourke and Sean Moran from Cushman & Wakefield. The asking rent for the 5,874 square feet space was $65 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 09/15/2022
- Address: 220 5th Avenue
- Market: NoMad
- Tenant: AMBITION
- Landlord: Stellar Management
- Brokers:
- Jay Siano - SABRE
- Sean Young - SABRE
- Patrick O'Rourke - Cushman & Wakefield
- Sean Moran - Cushman & Wakefield
- Asking Rent: $65/ft.
- Square Footage: 5,874
Players
BROKERAGE
LENDER
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$336,694.14
Total Lease Value
$3,366,941.35
Net Landlord Cash Flow$336,694.14
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