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Kol Mriza Leases Retail Space To Lokl Cafe At 38 Grand Street In Soho Manhattan

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LEASED
$157

New York

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Retail800 SF
Leased 07/08/2025
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Property Image
LEASED

Kol Mriza Leases Retail Space To Lokl Cafe At 38 Grand Street In Soho Manhattan

38 Grand Street

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Retail800 SF
Leased 07/08/2025
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$157
Total Square Footage:800 SF
Transaction Type:Lease

The asset involved in this transaction is a retail space located at 38 Grand Street within the Soho market of Manhattan. The property consists of 800 square feet and was leased for an asking rent of $157 per square foot under a modified gross lease agreement.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $157/ft
  • Address: 38 Grand Street
  • Market: Soho, Manhattan
  • Landlord: Kol Mriza
  • Tenant: Lokl Cafe
  • Landlord's Representative: John Roesch & Mariko Tanaka - Meridian Capital Group
  • Tenant's Representative: The Agency
  • Square Footage: 800
  • Lease Type: Modified Gross Lease

Key individuals involved in this deal include the landlord Kol Mriza and tenant Lokl Cafe. The landlord is represented by John Roesch and Mariko Tanaka from Meridian Capital Group, while the tenant is represented by The Agency. This transaction illustrates the collaboration between these parties in securing the lease for the retail space.

Players

John Roesch
97 deals
BROKER

Mariko Tanaka
Cushman & Wakefield
13 deals(415) 969-0514
BROKER


The Agency
BROKERAGE

Details

LEASED
IMAGE: John Roesch & Mariko Tanaka DATE: 7/8/2025 ADDRESS: 38 Grand Street MARKET: Soho, Manhattan ASSET TYPE: Retail LANDLORD: Kol Mriza TENANT: Lokl Cafe LANDLORD'S REP: John Roesch (@_JohnRoesch_) & Mariko Tanaka - Meridian Capital Group (@Meridian_Retail_Leasing) TENANT'S REP: The Agency ASKING RENT: $157/ft ~ SF: 800 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$144,444.88

Total Lease Value

$1,444,448.79

Net Landlord Cash Flow$144,444.88