Parag Sawhney Leases Retail Space To NYC Thin Crust Pizza At 261 Bowery In Lower East Side
LEASED
$120
+ 1
New York
See Similar DealsRetail2,500 SF
Leased 09/11/2025
LEASED
Parag Sawhney Leases Retail Space To NYC Thin Crust Pizza At 261 Bowery In Lower East Side
261 Bowery
See Similar DealsRetail2,500 SF
Leased 09/11/2025
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:2,500 SF
Transaction Type:Lease
The asset involved in this lease transaction is a retail property located at 261 Bowery in the Lower East Side market. The property encompasses a space of 2,500 square feet with an asking rent of $120 per square foot. It operates under a Modified Gross Lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $300,000
- Landlord: Parag Sawhney
- Tenant: NYC Thin Crust Pizza
- Brokers: Noam Aziz, Carson Shahrabani & Garrett Kelly - Meridian Capital Group
- Lease Type: Modified Gross Lease
This transaction was facilitated by brokers Noam Aziz, Carson Shahrabani, and Garrett Kelly, representing the landlord and tenant in the deal. Their involvement denotes a collaborative effort within the Meridian Capital Group to secure this retail leasing agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$343,916.38
Total Lease Value
$3,439,163.79
Net Landlord Cash Flow$343,916.38
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