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Modern Mystic Shop LLC Leases Retail Space At 248 Elizabeth Street In NoLita

Property Image
LEASED
Zeke Chernoff
Yoni Hadar
+ 1

New York

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Retail1,000 SF
Leased 08/19/2021
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Property Image
LEASED

Modern Mystic Shop LLC Leases Retail Space At 248 Elizabeth Street In NoLita

248 Elizabeth Street, Manhattan, New York, NY, USA

See Similar Deals
Retail1,000 SF
Leased 08/19/2021
Zeke Chernoff
Yoni Hadar
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Total Square Footage:1,000 SF
Transaction Type:Lease

Located at 248 Elizabeth Street in the NoLita neighborhood, this retail property was recently leased by Modern Mystic Shop LLC. The lease deal was facilitated by brokers Yoni Hadar, Zeke Chernoff, Garrett Kelly, and James Famularo from Meridian Retail Leasing. The property is owned by Witnick Real Estate Partners.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: 08/19/2021
  • Address: 248 Elizabeth Street
  • Market: NoLita
  • Tenant: Modern Mystic Shop LLC
  • Landlord: Witnick Real Estate Partners
  • Brokers: Yoni Hadar, Zeke Chernoff, Garrett Kelly, and James Famularo from Meridian Retail Leasing
  • Asking Rent: $162/ft.
  • Square Footage: 1,000

The deal took place with an asking rent of $162 per square foot for a space measuring 1,000 square feet. The involvement of multiple brokers, including Yoni Hadar, Zeke Chernoff, Garrett Kelly, and James Famularo from Meridian Retail Leasing, indicates the significance of this transaction in the retail market. The Modern Mystic Shop LLC will now operate from this location, adding to the diverse range of offerings in the NoLita neighborhood.

Players

James Famularo
357 deals$11.4M volume(212) 468-5960
BROKER

Yoni Hadar
Delshah Capital
29 deals
BROKER

Zeke Chernoff
Meridian Capital Group
4 deals
BROKER

Garrett Kelly
Meridian Capital Group
60 deals
BROKER

Details

LEASED
IMAGE: Garrett Kelly, Yoni Hadar & Zeke Chernoff DATE: 08/19/2021 ADDRESS: 248 Elizabeth Street MARKET: NoLita ASSET TYPE: Retail TENANT: Modern Mystic Shop LLC 🧙‍♀️ LANDLORD: Witnick Real Estate Partners (@WitnickREP) BROKERS: Yoni Hadar, Zeke Chernoff, Garrett Kelly & James Famularo @Meridian_Retail_Leasing ASKING RENT: $162/ft. ~ SF: 1,000

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Deal Type
Effective Rent (Annual)

$57,319.40

Total Lease Value

$573,193.97

Net Landlord Cash Flow$57,319.40