New Orchard Inc Leases Retail Space In New York City's 49 Orchard Street
LEASED
$173
New York
See Similar DealsRetail800 SF
Leased 03/30/2023
LEASED
New Orchard Inc Leases Retail Space In New York City's 49 Orchard Street
49 Orchard Street
See Similar DealsRetail800 SF
Leased 03/30/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$173
Total Square Footage:800 SF
Transaction Type:Lease
The retail property located at 49 Orchard Street in New York City has been leased. The transaction was facilitated by brokers Aric Trakhtenberg and David Dubinsky from Newmark on behalf of the landlord, Hogg Holdings, and the tenant, New Orchard Inc. This asset spans approximately 800 square feet and was leased at an asking rent of $173 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not applicable (leased)
- Address: 49 Orchard Street, New York City
- Market: New York City
- Landlord: Hogg Holdings
- Tenant: New Orchard Inc
- Brokers: Aric Trakhtenberg & David Dubinsky - Newmark
- Asking Rent: $173 per square foot
- Square Footage: 800
Aric Trakhtenberg and David Dubinsky from Newmark represented Hogg Holdings and New Orchard Inc, respectively, in this lease transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$158,660.09
Total Lease Value
$1,586,600.90
Net Landlord Cash Flow$158,660.09
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