Wanpo Tea Shop Signs 10-Year Lease At 37 East 8th Street In New York University Market With Broker Jeff Zheng
LEASED
New York
See Similar DealsRetail1,500 SF
Leased 08/01/2021
LEASED
Wanpo Tea Shop Signs 10-Year Lease At 37 East 8th Street In New York University Market With Broker Jeff Zheng
37 East 8th Street, Brooklyn, New York 11230, United States
See Similar DealsRetail1,500 SF
Leased 08/01/2021
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:1,500 SF
Transaction Type:Lease
The retail space located at 37 East 8th Street in the New York University market has been leased by Wanpo Tea Shop. The lease agreement, facilitated by broker Jeff Zheng from Empire Realty Trust, has a term of 10 years. The property spans 1,500 square feet and the asking rent is $130 per square foot.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $130/ft.
- Square Footage: 1,500
- Address: 37 East 8th Street
- Market: New York University
Jeff Zheng from Empire Realty Trust represented the landlord in this lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$85,979.09
Total Lease Value
$859,790.95
Net Landlord Cash Flow$85,979.09
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