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356 Bowery Retail Space Leased By 356 Convenience Corp For $165/sq Ft

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LEASED
$165

New York

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Retail1,500 SF
Leased 06/23/2023
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Property Image
LEASED

356 Bowery Retail Space Leased By 356 Convenience Corp For $165/sq Ft

356 Bowery New York, NY 10012, USA

See Similar Deals
Retail1,500 SF
Leased 06/23/2023
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$165
Total Square Footage:1,500 SF
Transaction Type:Lease

The recently completed lease transaction involves a retail property located at 356 Bowery in New York City. The asset, spanning approximately 1,500 square feet, was leased by 356 Convenience Corp. The landlord in this deal was Manhattan Five Partners, represented by Jeffrey Srulowitz. The tenant's representative was Jeff Jakob from Loch Real Estate. The leasing transaction was facilitated by John Roesch, representing the landlord's side, from Meridian Capital Group.

Summary of transaction details

  • Property Type: Retail
  • Address: 356 Bowery, New York City
  • Market: New York City
  • Landlord: Manhattan Five Partners - Jeffrey Srulowitz
  • Tenant: 356 Convenience Corp
  • Landlord's Representative: John Roesch - Meridian Capital Group
  • Tenant's Representative: Jeff Jakob - Loch Real Estate
  • Asking Rent: $165/ft
  • Square Footage: 1,500

Notable individuals involved in this lease transaction include John Roesch, who represented the landlord's interests on behalf of the Meridian Capital Group. He worked alongside Jeffrey Srulowitz from Manhattan Five Partners. On the tenant's side, the leasing process was facilitated by Jeff Jakob from Loch Real Estate, representing 356 Convenience Corp.

Players

John Roesch
97 deals
BROKER


2 deals$8.9M volume
LANDLORD

Details

LEASED
IMAGE: John Roesch DATE: 06/23/2023 ADDRESS: 356 Bowery MARKET: New York City ASSET TYPE: Retail LANDLORD: Manhattan Five Partners - Jeffrey Srulowitz TENANT: 356 Convenience Corp LANDLORD'S REP: John Roesch - Meridian Capital Group TENANT'S REP: Jeff Jakob - Loch Real Estate ASKING RENT: $165/ft ~ SF: 1,500 -ManhattanFivePartners

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Deal Type
Effective Rent (Annual)

$283,731.01

Total Lease Value

$2,837,310.13

Net Landlord Cash Flow$283,731.01