Elliot Sohayegh Leases Retail Space To Heavenly Market At 25 Prince Street In Manhattan
LEASED
$352
+ 1
New York
See Similar DealsRetail1,300 SF
Leased 10/01/2024
LEASED
Elliot Sohayegh Leases Retail Space To Heavenly Market At 25 Prince Street In Manhattan
25 Prince Street
See Similar DealsRetail1,300 SF
Leased 10/01/2024
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$352
Total Square Footage:1,300 SF
Transaction Type:Lease
The retail property located at 25 Prince Street in Manhattan has a lease term of 10 years under a Modified Gross Lease. The asking rent is set at $352 per square foot, covering a total area of 1,300 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $352/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Elliot Sohayegh
- Tenant: Heavenly Market
- Landlord's Representative: Steven Evans & Joseph Zalta - Platinum Properties
- Tenant's Representative: Richard Bailey & Steve Costello - RJBRE
This lease transaction features representatives from both sides, with Steven Evans and Joseph Zalta representing the landlord through Platinum Properties, and Richard Bailey and Steve Costello serving as the tenant's representatives from RJBRE.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$524,587.12
Total Lease Value
$5,245,871.17
Net Landlord Cash Flow$524,587.12
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