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Stretch Lab Signs Lease For Retail Space At 332 West 57th Street In New York With Landlord's Rep Ben Howard & Ben Biberaj - Meridian Capital Group

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LEASED
$120

New York

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Retail1,600 SF
Leased 03/27/2023
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Property Image
LEASED

Stretch Lab Signs Lease For Retail Space At 332 West 57th Street In New York With Landlord's Rep Ben Howard & Ben Biberaj - Meridian Capital Group

332 West 57th Street

See Similar Deals
Retail1,600 SF
Leased 03/27/2023
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:1,600 SF
Transaction Type:Lease

Heller Realty has leased out a retail space in New York located at 332 West 57th Street. The property, measuring 1,600 square feet, was leased to Stretch Lab. The deal was facilitated by Ben Howard and Ben Biberaj from Meridian Capital Group, serving as the landlord's representatives, and Emily Simmonds from Ripco, acting as the tenant's representative. The asking rent for the space was $120 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 03/27/2023
  • Address: 332 West 57th Street
  • Market: New York
  • Landlord: Heller Realty
  • Tenant: Stretch Lab
  • Landlord's Rep: Ben Howard & Ben Biberaj - Meridian Capital Group
  • Tenant's Rep: Emily Simmonds - Ripco
  • Asking Rent: $120/ft
  • Square Footage: 1,600

The lease deal was successfully negotiated by Ben Howard and Ben Biberaj from Meridian Capital Group, representing the landlord, Heller Realty. Emily Simmonds from Ripco represented the tenant, Stretch Lab. This transaction demonstrates the expertise and effectiveness of these professionals in securing deals in the New York retail market.

Players

Ben Biberaj
187 deals$26.2M volume(703) 434-1461
BROKER

Ben Howard
Meridian Capital Group
14 deals
BROKER


Heller Realty
LANDLORD

Details

LEASED
IMAGE: Ben Howard, Ben Biberaj & Emily Simmonds DATE: 03/27/2023 ADDRESS: 332 West 57th Street MARKET: New York ASSET TYPE: Retail LANDLORD: Heller Realty TENANT: Stretch Lab LANDLORD'S REP: Ben Howard & Ben Biberaj - Meridian Capital Group TENANT'S REP: Emily Simmonds - Ripco ASKING RENT: $120/ft ~ SF: 1,600

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Deal Type
Effective Rent (Annual)

$220,106.48

Total Lease Value

$2,201,064.83

Net Landlord Cash Flow$220,106.48