Society Of Cloth Leases Retail Space At 36 Orchard Street In Chinatown With Meridian Capital Group
LEASED
$124
+ 3
New York
See Similar DealsRetail2,800 SF
Leased
LEASED
Society Of Cloth Leases Retail Space At 36 Orchard Street In Chinatown With Meridian Capital Group
36 Orchard Street
See Similar DealsRetail2,800 SF
Leased
+ 3
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$124
Total Square Footage:2800 SF
Transaction Type:Lease
The asset involved in this lease transaction is located at 36 Orchard Street in the Chinatown market. It comprises 2,800 square feet and operates under a Modified Gross Lease. The asking rent is set at $124 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $348,800
- Address: 36 Orchard Street
- Market: Chinatown
- Lease Type: Modified Gross Lease
- Landlord: Benjamin Esshaghian, Ali Tabrizi & David Khaloyan
- Tenant: Society of Cloth
- Landlord's Representative: James Famularo & Jacob Mayer - Meridian Capital Group
- Tenant's Representative: Stephen Ligambi - Meridian Capital Group
The transaction highlights the involvement of multiple representatives from Meridian Capital Group, with James Famularo and Jacob Mayer representing the landlords, while Stephen Ligambi represents the tenant, Society of Cloth, in this lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$398,956.76
Total Lease Value
$3,989,567.57
Net Landlord Cash Flow$398,956.76
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