Demir Sabanci & Derek Gilchrist Lease Retail Space To NYKITA At 26 East 64th Street
LEASED
$85
New York
See Similar DealsRetail1,750 SF
Leased 03/05/2025
LEASED
Demir Sabanci & Derek Gilchrist Lease Retail Space To NYKITA At 26 East 64th Street
26 East 64th Street
See Similar DealsRetail1,750 SF
Leased 03/05/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$85
Total Square Footage:1,750 SF
Transaction Type:Lease
The property asset involved in the transaction is a retail space located at 26 East 64th Street in the Lenox Hill market of Manhattan. It encompasses a total square footage of 1,750 and has an asking rent of $85 per foot. The lease type is a modified gross lease with a duration of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $85/ft
- Square Footage: 1,750
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Demir Sabanci & Derek Gilchrist
- Tenant: NYKITA
- Landlord's Representative: Josh Augenbaum - Augenbaum Realty
- Tenant's Representative: Wendy Mcdonald - Judson CRE
Key individuals in this transaction include landlords Demir Sabanci and Derek Gilchrist, who are partnering in this lease. The tenant, NYKITA, is represented by Wendy Mcdonald from Judson CRE, while the landlords are represented by Josh Augenbaum from Augenbaum Realty.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$170,525.20
Total Lease Value
$1,705,252.05
Net Landlord Cash Flow$170,525.20
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