Flight Club Signs Long Term Retail Lease At 31 Union Square West With Dere Properties
LEASED
$350
+ 1
New York
See Similar DealsRetail11,000 SF
Leased 02/05/2025
LEASED
Flight Club Signs Long Term Retail Lease At 31 Union Square West With Dere Properties
31 Union Square West
See Similar DealsRetail11,000 SF
Leased 02/05/2025
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$350
Total Square Footage:11,000 SF
Transaction Type:Lease
The retail asset located at 31 Union Square West in the Flatiron District consists of 11,000 square feet. The asking rent for this property is set at $350 per square foot. The transaction involves a long-term retail lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $350/ft
- Lease Term: Long Term
- Lease Type: Retail Lease
- Landlord: Dere Properties - Ellis Family
- Tenant: Flight Club
- Brokers: Kelly Gedinsky, Max Kreinces, Brandon Singer - Retail By Mona & Joe Hudson - CBRE
The deal is represented by brokers from Retail By Mona and CBRE, facilitating the agreement between the landlord, Dere Properties, represented by the Ellis Family, and the tenant, Flight Club.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,413,593.53
Total Lease Value
$44,135,935.35
Net Landlord Cash Flow$4,413,593.53
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