Estee Lauder Leases Retail Space At 248 Elizabeth Street With Brokers Brandon Singer And Suzanne Bernstock
LEASED
$350
New York
See Similar DealsRetail5,100 SF
Leased 10/01/2024
LEASED
Estee Lauder Leases Retail Space At 248 Elizabeth Street With Brokers Brandon Singer And Suzanne Bernstock
248 Elizabeth Street
See Similar DealsRetail5,100 SF
Leased 10/01/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$350
Total Square Footage:5,100 SF
Transaction Type:Lease
The property asset involved in the transaction is a retail space located at 248 Elizabeth Street in the Nolita market. The asking rent for the space is $350 per square foot, and it encompasses a total area of 5,100 square feet. The lease agreement established is a long-term modified gross lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $350/ft
- Lease Term: Long Term
- Lease Type: Modified Gross Lease
- Landlord: Rami Ben
- Tenant: Estee Lauder - Deciem Avestan
- Brokers: Brandon Singer & Suzanne Bernstock - Retail By Mona
The key individuals involved in this deal include the landlord Rami Ben, the tenant Estee Lauder represented by Deciem Avestan, and the brokers Brandon Singer and Suzanne Bernstock from Retail By Mona, indicating the collaborative effort of multiple professionals in securing this lease transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,046,302.46
Total Lease Value
$20,463,024.57
Net Landlord Cash Flow$2,046,302.46
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