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Chase Contemporary Leases Retail Space In SoHo's Centurion Realty Building

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LEASED

New York

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Retail10,000 SF
Leased 11/01/2021
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LEASED

Chase Contemporary Leases Retail Space In SoHo's Centurion Realty Building

413 West Broadway, New York City, New York 10012, United States

See Similar Deals
Retail10,000 SF
Leased 11/01/2021
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Summary

NEW YORK
Asset Type:Retail
Total Square Footage:10,000 SF
Transaction Type:Lease

Centurion Realty has leased retail space located at 413-415 W. Broadway in the SoHo market to Chase Contemporary. The lease was facilitated by brokers Ali Reza and Troy Gordon. The property spans approximately 10,000 square feet, with an asking rent of $250 per square foot. The lease terms are set for a duration of 5 years.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 11/01/2021
  • Address: 413-415 W. Broadway
  • Market: SoHo
  • Landlord: Centurion Realty
  • Tenant: Chase Contemporary
  • Brokers: Ali Reza & Troy Gordon
  • Asking Rent: $250/ft.
  • SF: 10,000
  • Lease Terms: 5 Years

The lease agreement between Centurion Realty and Chase Contemporary was facilitated by brokers Ali Reza and Troy Gordon. This transaction represents a significant opportunity for Chase Contemporary to establish a presence in the vibrant SoHo market, while Centurion Realty further diversifies its tenant portfolio. Both parties can expect a mutually beneficial arrangement with a lease duration of 5 years.

Players

1 deal
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4 deals$51.4M volume
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R New York
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Details

LEASED
IMAGE: Ali Reza & Troy Gordon DATE: 11/01/2021 ADDRESS: 413-415 W. Broadway MARKET: SoHo ASSET TYPE: Retail LANDLORD: Centurion Realty TENANT: Chase Contemporary BROKERS: Ali Reza (@AliRezaNYC90) & Troy Gordon (@TroyGordonNYC) ASKING RENT: $250/ft. ~ SF: 10,000 LEASE TERMS: 5 Year

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Deal Type
Effective Rent (Annual)

$573,193.97

Total Lease Value

$5,731,939.66

Net Landlord Cash Flow$573,193.97