Orangetheory Fitness Signs Lease For Retail Space At 515 86th St. In Bay Ridge, Brooklyn
LEASED
New York
See Similar DealsRetail3,440 SF
Leased 05/10/2022
LEASED
Orangetheory Fitness Signs Lease For Retail Space At 515 86th St. In Bay Ridge, Brooklyn
515 86th Street, Brooklyn, New York 11209, United States
See Similar DealsRetail3,440 SF
Leased 05/10/2022
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:3,440 SF
Transaction Type:Lease
The retail property located at 515 86th St. in Bay Ridge has been leased. The property, spanning 3,440 square feet, was leased by Orangetheory Fitness. The lease transaction was facilitated by Evan Schuckman of RIPCO Real Estate.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 05/10/2022
- Address: 515 86th St., Bay Ridge
- Market: Bay Ridge
- Landlord: ACHS Management - Alex Adjmi
- Tenant: Orangetheory Fitness
- Broker: Evan Schuckman - RIPCO Real Estate
- Asking Rent: $120/ft.
- Square Footage: 3,440
Evan Schuckman of RIPCO Real Estate acted as the broker in the lease transaction, representing the interests of Orangetheory Fitness. The landlord, ACHS Management, headed by Alex Adjmi, agreed to lease the retail space to Orangetheory Fitness at the asking rent of $120 per square foot.
Players
TENANT
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$197,178.72
Total Lease Value
$1,971,787.24
Net Landlord Cash Flow$197,178.72
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