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Club Pilates Signs Lease For Retail Space At 501 Seventh Avenue With Ripco's Emily Simmonds As Tenant Rep
LEASED
$41
New York
See Similar DealsRetail1,805 SF
Leased 07/19/2023
LEASED
Club Pilates Signs Lease For Retail Space At 501 Seventh Avenue With Ripco's Emily Simmonds As Tenant Rep
501 7th Ave New York, NY 10018, USA
See Similar DealsRetail1,805 SF
Leased 07/19/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$41
Total Square Footage:1,805 SF
Transaction Type:Lease
Club Pilates has signed a new lease for a 1,805 square foot retail space located at 501 Seventh Avenue in New York. The asking rent for the space was $41.73 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 07/19/2023
- Tenant: Club Pilates
- Broker: Emily Simmonds - Ripco
- Address: 501 Seventh Avenue
- Market: New York
- Asking Rent: $41.73/ft
- SF: 1,805
Emily Simmonds of RIPCO represented Club Pilates as the tenant in the lease negotiations. The deal signifies the expansion of Club Pilates into a new location in New York.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$84,838.44
Total Lease Value
$848,384.39
Net Landlord Cash Flow$84,838.44
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