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

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LEASED
$28,000

New York

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Retail2,500 SF
Leased
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Property Image
LEASED

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

496 Sixth Avenue

See Similar Deals
Retail2,500 SF
Leased
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$28000
Total Square Footage:2500 SF
Transaction Type:Lease

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.

Players

Joseph Zalta
19 deals(718) 419-1112
BROKER



C Land Realty
BROKERAGE

Details

LEASED
IMAGE: Jinwoo Park, Joseph Zalta & Evan John DATE: 5/27/2025 ADDRESS: 496 Sixth Avenue MARKET: Greenwich Village ASSET TYPE: Retail LANDLORD: James Kim TENANT: Kim’s Bap BROKERS: Jinwoo Park (@TeamJP_NY) & Joseph Zalta - Platinum Properties (@PlatinumProperties_NYC) LANDLORD'S REP: Evan John - C Land Realty ASKING RENT: $146/ft ~ SF: 2,500 LEASE TYPE: Modified Gross Lease LEASE TERM: 10 Years

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Deal Type
Effective Rent (Annual)

$80,247,155.18

Total Lease Value

$802,471,551.80

Net Landlord Cash Flow$80,247,155.18