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Kevin Nassimi & Arman Noghreh Lease Retail Space To Isabel Sullivan Gallery In Tribeca, Manhattan

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LEASED
$110
Andrew Stern

New York

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Retail2,150 SF
Leased 11/27/2023
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Property Image
LEASED

Kevin Nassimi & Arman Noghreh Lease Retail Space To Isabel Sullivan Gallery In Tribeca, Manhattan

39 Lispenard Street

See Similar Deals
Retail2,150 SF
Leased 11/27/2023
Andrew Stern
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$110
Total Square Footage:2,150 SF
Transaction Type:Lease

The retail space located at 39 Lispenard St. in Tribeca, Manhattan has been leased. The property spans 2,150 square feet and was leased by Isabel Sullivan Gallery. The lease transaction was facilitated by Andrew Stern of Newmark, representing the landlord Kevin Nassimi and Arman Noghreh. Sarah Shannon of Sinvin Real Estate represented the tenant, Isabel Sullivan Gallery. The asking rent for the space was $110 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 39 Lispenard St., Tribeca, Manhattan
  • Market: Tribeca, Manhattan
  • Square Footage: 2,150
  • Landlord: Kevin Nassimi & Arman Noghreh
  • Tenant: Isabel Sullivan Gallery
  • Landlord's Rep: Andrew Stern - Newmark
  • Tenant's Rep: Sarah Shannon - Sinvin Real Estate
  • Asking Rent: $110/ft

The lease transaction for the retail space at 39 Lispenard St. was successfully completed. Andrew Stern of Newmark represented the landlords, Kevin Nassimi and Arman Noghreh, in the deal. Sarah Shannon of Sinvin Real Estate acted as the tenant's representative for Isabel Sullivan Gallery. This lease provides an opportunity for the gallery to establish a presence in the vibrant Tribeca market.

Players

Andrew Stern
76 deals$5.4M volume
BROKER


Details

LEASED
IMAGE: Andrew Stern, Kevin Nassimi & Sarah Shannon DATE: 11/27/2023 ADDRESS: 39 Lispenard St. MARKET: Tribeca, Manhattan ASSET TYPE: Retail LANDLORD: Kevin Nassimi & Arman Noghreh TENANT: Isabel Sullivan Gallery LANDLORD'S REP: Andrew Stern - Newmark (@Newmark) TENANT'S REP: Sarah Shannon - Sinvin Real Estate (@SinvinRealEstate) ASKING RENT: $110/ft ~ SF: 2,150

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Deal Type
Effective Rent (Annual)

$271,120.75

Total Lease Value

$2,711,207.46

Net Landlord Cash Flow$271,120.75