The Torkian Group Leases Retail Space To The Alchemy At 302 8th Avenue In Chelsea
LEASED
$190
New York
See Similar DealsRetail3,200 SF
Leased 09/01/2024
LEASED
The Torkian Group Leases Retail Space To The Alchemy At 302 8th Avenue In Chelsea
302 8th Avenue
See Similar DealsRetail3,200 SF
Leased 09/01/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$190
Total Square Footage:3,200 SF
Transaction Type:Lease
The property asset involved in the transaction is a retail space located at 302 8th Avenue in the Chelsea market. The asking rent for the property is $190 per square foot, and the total square footage of the space is 3,200. The lease type for this transaction is defined as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $190/ft
- Address: 302 8th Avenue
- Market: Chelsea
- Asset Size: 3,200 SF
- Landlord: The Torkian Group
- Tenant: The Alchemy
- Landlord's Representative: Nevin Danziger
- Tenant's Representatives: Abe Smouha, Richard Bailey - RJBRE
Key individuals in this transaction include Nevin Danziger representing the landlord, The Torkian Group, and tenant representatives Abe Smouha and Richard Bailey from RJBRE, overseeing the agreement on behalf of The Alchemy.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$697,003.86
Total Lease Value
$6,970,038.62
Net Landlord Cash Flow$697,003.86
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