PDS Hospitality Leases Retail Space To Wasabi Hospitality At 428 Greenwich Street In Tribeca
LEASED
New York
See Similar DealsRetail2,769 SF
Leased 06/04/2025
LEASED
PDS Hospitality Leases Retail Space To Wasabi Hospitality At 428 Greenwich Street In Tribeca
428 Greenwich Street
See Similar DealsRetail2,769 SF
Leased 06/04/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$112
Total Square Footage:2,769 SF
Transaction Type:Lease
The property asset involved in this transaction is located at 428 Greenwich Street in Tribeca. The retail space encompasses 2,769 square feet and has an asking rent of $112 per square foot. The lease term is set for 10 years under a Modified Gross Lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $112/ft
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: PDS Hospitality
- Tenant: Wasabi Hospitality
- Brokers: Khashy Eyn, Joseph Zalta, Steven Evans & Brian Peer - Platinum Properties
The transaction involves key individuals from Platinum Properties: Khashy Eyn, Joseph Zalta, Steven Evans, and Brian Peer, who represented the interests of the landlord and tenant in this lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$355,527.00
Total Lease Value
$3,555,269.96
Net Landlord Cash Flow$355,527.00
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