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Tzvi Wertenteil Leases Retail Space To VIP Design Haircuts At 306 East 6th Street

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LEASED
$60

New York

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Retail1,000 SF
Leased 03/11/2025
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Property Image
LEASED

Tzvi Wertenteil Leases Retail Space To VIP Design Haircuts At 306 East 6th Street

306 East 6th Street

See Similar Deals
Retail1,000 SF
Leased 03/11/2025
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:1,000 SF
Transaction Type:Lease

The retail asset located at 306 East 6th Street in the East Village market consists of a 1,000 square foot space under a modified gross lease. The asking rent for this property was set at $60 per square foot, reflecting the terms agreed upon in the lease arrangement.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $60/ft
  • Square Footage: 1,000
  • Address: 306 East 6th Street
  • Market: East Village
  • Landlord: Tzvi Wertenteil
  • Tenant: VIP Design Haircuts
  • Landlord's Representative: Cole Kleppinger - Meridian Capital Group
  • Tenant's Representative: Bobby Ortense - Meridian Capital Group
  • Landlord & Tenant's Representative: James Famularo - Meridian Capital Group

The lease was negotiated with Tzvi Wertenteil as the landlord and VIP Design Haircuts as the tenant. The representation for both parties was provided by Meridian Capital Group, with Cole Kleppinger, Bobby Ortense, and James Famularo playing significant roles in facilitating the transaction.

Players

James Famularo
358 deals$11.4M volume(212) 468-5960
BROKER

Bobby Ortense
Meridian Capital Group
71 deals
BROKER

Details

LEASED
IMAGE: Bobby Ortense, James Famularo & Cole Kleppinger DATE: 03/11/2025 ADDRESS: 306 East 6th Street MARKET: East Village ASSET TYPE: Retail LANDLORD: Tzvi Wertenteil TENANT: VIP Design Haircuts LANDLORD'S REP: Cole Kleppinger (@Kleppinger.Leasing) - Meridian Capital Group (@Meridian_Retail_Leasing) TENANT'S REP: Bobby Ortense (@NYC_Leasing) - Meridian Capital Group LANDLORD & TENANT'S REP: James Famularo (@MrFamularo) - Meridian Capital Group ASKING RENT: $60/ft ~ SF: 1,000 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$68,783.28

Total Lease Value

$687,832.76

Net Landlord Cash Flow$68,783.28