Flabelus Leases Retail Space At 505 Broome Street From Landlord Jeff Gerson For 10 Years
LEASED
$350
New York
See Similar DealsRetail846 SF
Leased 11/15/2024
LEASED
Flabelus Leases Retail Space At 505 Broome Street From Landlord Jeff Gerson For 10 Years
505 Broome Street
See Similar DealsRetail846 SF
Leased 11/15/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$350
Total Square Footage:846 SF
Transaction Type:Lease
The retail property located at 505 Broome Street in SoHo has been leased with an asking rent of $350 per square foot, covering a total of 846 square feet. The property involves a gross lease over a term of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $350/ft
- Lease Term: 10 Years
- Landlord: Jeff Gerson
- Tenant: Flabelus
- Landlord's Representative: Andrew Stern - Newmark
- Tenant's Representative: Sara Armet - Lantern Real Estate
This lease transaction showcases the collaboration between the involved parties, with Andrew Stern representing the landlord and Sara Armet representing the tenant, facilitating the agreement for this prime retail space.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$339,445.47
Total Lease Value
$3,394,454.66
Net Landlord Cash Flow$339,445.47
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