ASG Equities Leases Retail Space To Locker Room Gallery In Tribeca For $120/ft
LEASED
$120
New York
See Similar DealsRetail3,111 SF
Leased 03/31/2025
LEASED
ASG Equities Leases Retail Space To Locker Room Gallery In Tribeca For $120/ft
253 Church Street
See Similar DealsRetail3,111 SF
Leased 03/31/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:3,111 SF
Transaction Type:Lease
The retail asset is located at 253 Church Street in the Tribeca market of Manhattan. The property spans a total of 3,111 square feet and was leased under a Modified Gross Lease at an asking rent of $120 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Square Footage: 3,111
- Address: 253 Church Street
- Market: Tribeca, Manhattan
- Landlord: ASG Equities
- Tenant: Locker Room Gallery
- Landlord's Representative: Andrew Stern & Ravi Idnani - Newmark
- Tenant's Representative: Cole Stapleton - Tungsten Property
This transaction involved key players in the real estate leasing sector, highlighting the roles of the landlord represented by Andrew Stern and Ravi Idnani from Newmark and the tenant represented by Cole Stapleton from Tungsten Property.
Players
BROKERAGE
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$427,969.54
Total Lease Value
$4,279,695.42
Net Landlord Cash Flow$427,969.54
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