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Kidilum Signs Modified Gross Lease At 31 West 21st Street In Flatiron

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LEASED
$125

New York

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Retail4,500 SF
Leased
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LEASED

Kidilum Signs Modified Gross Lease At 31 West 21st Street In Flatiron

31 West 21st Street

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Retail4,500 SF
Leased
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$125
Total Square Footage:4500 SF
Transaction Type:Lease

The retail property located at 31 West 21st Street in Flatiron was leased to Kidilum. The deal was facilitated under a Modified Gross Lease agreement with an asking rent of $125 per square foot for a total space of 4,500 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 31 West 21st Street
  • Market: Flatiron
  • Landlord: We Burn Food - Doug Stern
  • Tenant: Kidilum
  • Landlord's Rep: James Famularo - Meridian Capital Group
  • Tenant's Rep: Emilian Derguti - Capstone Properties
  • Asking Rent: $125/ft
  • Lease Type: Modified Gross Lease

James Famularo from Meridian Capital Group represented the landlord, We Burn Food - Doug Stern, in the leasing transaction. On the other side, Emilian Derguti of Capstone Properties acted as the tenant's representative, securing a favorable deal for Kidilum in the retail space located at the heart of Flatiron.

Players

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

Emilian Derguti
Capstone Properties NY
7 deals$885K volume(917) 683-5905
BROKER

Capstone Properties
BROKERAGE

Details

LEASED
IMAGE: James Famularo & Emilian Derguti DATE: 05/13/2024 ADDRESS: 31 West 21st Street MARKET: Flatiron ASSET TYPE: Retail LANDLORD: We Burn Food - Doug Stern TENANT: Kidilum LANDLORD'S REP: James Famularo (@JamesFamularo) - Meridian Capital Group (@Meridian_Retail_Leasing) TENAN'S REP: Emilian Derguti - Capstone Properties ASKING RENT: $125/ft ~ SF: 4,500 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$644,843.21

Total Lease Value

$6,448,432.11

Net Landlord Cash Flow$644,843.21