Nicole Franques Leases Retail Space To SG Thai At 321 West 51st Street For $90 Per Ft
LEASED
$90
New York
See Similar DealsRetail5,000 SF
Leased 05/28/2026
LEASED
Nicole Franques Leases Retail Space To SG Thai At 321 West 51st Street For $90 Per Ft
321 West 51st Street
See Similar DealsRetail5,000 SF
Leased 05/28/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$90
Total Square Footage:5,000 SF
Transaction Type:Lease
The property asset involved in this lease transaction is located at 321 West 51st Street within the Theatre District. The retail asset spans 5,000 square feet and has an asking rent of $90 per foot. The lease term is set for 15 years, and it operates under a Modified Gross Lease structure.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $90/ft
- Lease Term: 15 years
- Address: 321 West 51st Street
- Market: Theatre District
- Landlord: Nicole Franques
- Tenant: SG Thai
- Brokers: Desi Avidane - Investment Property Realty Group, Ben Biberaj - IPRG Retail Leasing
The key individuals involved in the transaction are the landlord, Nicole Franques, and the tenant, SG Thai. The transaction has been facilitated by two brokers, Desi Avidane and Ben Biberaj, representing Investment Property Realty Group and IPRG Retail Leasing, respectively.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$515,874.57
Total Lease Value
$5,158,745.69
Net Landlord Cash Flow$515,874.57
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