James Kim Leases Retail Space At 496 Sixth Avenue To Kim’s Bap For 10 Years

This retail asset is located at 496 Sixth Avenue in the Greenwich Village market. The property encompasses a total square footage of 2,500 and is under a Modified Gross Lease agreement. The asking rent for this lease is set at $146 per square foot, with a lease term lasting 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $146/ft
• Square Footage: 2,500
• Address: 496 Sixth Avenue
• Market: Greenwich Village
• Landlord: James Kim
• Tenant: Kim’s Bap
• Brokers: Jinwoo Park & Joseph Zalta - Platinum Properties
• Landlord's Rep: Evan John - C Land Realty
• Lease Type: Modified Gross Lease
• Lease Term: 10 Years

In this transaction, Jinwoo Park and Joseph Zalta from Platinum Properties played a key role in broker representation, while Evan John from C Land Realty represented the landlord. The property has a distinct landlord-tenant relationship established with James Kim as the landlord and Kim’s Bap as the tenant.