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Stellar Management Leases Retail Space To Upright Citizens Brigade In East Village

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LEASED
$65
Jack Khaski
Albert Manopla
+ 1

New York

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Retail9,500 SF
Leased 06/02/2023
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LEASED

Stellar Management Leases Retail Space To Upright Citizens Brigade In East Village

242 E 14th St New York, NY 10003, USA

See Similar Deals
Retail9,500 SF
Leased 06/02/2023
Jack Khaski
Albert Manopla
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$65
Total Square Footage:9,500 SF
Transaction Type:Lease

Stellar Management, a landlord in the East Village neighborhood, has recently completed a lease transaction for a retail space located at 242 East 14th Street. The tenant for this space is Upright Citizens Brigade, a well-known comedy theater. The deal was negotiated by Jordan Raphan, Albert Manopla, and Jack Khaski from KSR, representing the landlord. Cameron Tuttle from Denham Wolf acted as the tenant's representative in this transaction. The retail space measures approximately 9,500 square feet and was leased at an asking rent of $65 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 242 East 14th Street
  • Market: East Village
  • Landlord: Stellar Management
  • Tenant: Upright Citizens Brigade
  • Landlord's Representative: Jordan Raphan, Albert Manopla, & Jack Khaski - KSR
  • Tenant's Representative: Cameron Tuttle - Denham Wolf
  • Asking Rent: $65/ft
  • Square Footage: 9,500

This lease transaction highlights the collaboration between Stellar Management as the landlord and Upright Citizens Brigade as the tenant. Jordan Raphan, Albert Manopla, and Jack Khaski from KSR successfully represented Stellar Management in negotiating favorable terms for the lease. On the other hand, Cameron Tuttle from Denham Wolf worked on behalf of Upright Citizens Brigade to ensure their interests were well-represented in the deal.

Players

Albert Manopla
82 deals$4.3M volume(212) 380-8369
BROKER

Jack Khaski
Kassin Sabbagh Realty
43 deals$4.3M volume
BROKER

Jordan Raphan
Kassin Sabbagh Realty
40 deals
BROKER


Stellar Management
LENDER

Details

LEASED
IMAGE: Jordan Raphan, Albert Manopla & Jack Khaski DATE: 06/02/2023 ADDRESS: 242 East 14th Street MARKET: East Village ASSET TYPE: Retail LANDLORD: Stellar Management TENANT: Upright Citizens Brigade LANDLORD'S REP: Jordan Raphan (@JRaphan), Albert Manopla (@AlbertJManopla) & Jack Khaski (@JackKhaski) - KSR (@Kassin_Sabbagh_Realty) TENANT'S REP: Cameron Tuttle - Denham Wolf ASKING RENT: $65/ft ~ SF: 9,500

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Deal Type
Effective Rent (Annual)

$707,894.55

Total Lease Value

$7,078,945.47

Net Landlord Cash Flow$707,894.55