The Nutcracker Leases Retail Space At 432 Sixth Avenue In Greenwich Village For 12 Years
LEASED
$280
New York
See Similar DealsRetail3,800 SF
Leased 04/30/2025
LEASED
The Nutcracker Leases Retail Space At 432 Sixth Avenue In Greenwich Village For 12 Years
432 Sixth Avenue
See Similar DealsRetail3,800 SF
Leased 04/30/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$280
Total Square Footage:3,800 SF
Transaction Type:Lease
The property involved in this transaction is a retail space located at 432 Sixth Avenue in the Greenwich Village market. The asking rent for this asset is $280 per square foot, covering a total area of 3,800 square feet. The lease agreement is structured as a modified gross lease with a term of 12 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $280/ft
- Square Footage: 3,800
- Lease Term: 12 Years
- Lease Type: Modified Gross Lease
- Landlord: Solil Management
- Tenant: The Nutcracker
- Landlord's Rep: Nicholas Forelli - Solil Management
- Tenant's Reps: Joshua Singer & Nick Marshall - The Heller Organization
This deal involves key representatives from both the landlord and tenant sides. Nicholas Forelli represents Solil Management, while Joshua Singer and Nick Marshall represent The Nutcracker through The Heller Organization.
Players
BROKERAGE
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,219,756.76
Total Lease Value
$12,197,567.59
Net Landlord Cash Flow$1,219,756.76
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