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Artishouse Signs Lease For 2,950 SF Retail Space In Garment District At 526 Seventh Avenue
LEASED
$35
New York
See Similar DealsRetail2,950 SF
Leased 05/12/2023
LEASED
Artishouse Signs Lease For 2,950 SF Retail Space In Garment District At 526 Seventh Avenue
526 7th Ave New York, NY 10018, USA
See Similar DealsRetail2,950 SF
Leased 05/12/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$35
Total Square Footage:2,950 SF
Transaction Type:Lease
Artishouse, an organization that provides collaborative space for artists, has signed a lease for a 2,950 square-foot retail space at 526 Seventh Avenue in the Garment District, New York. The space is located in a luxury building offering excellent natural light and direct elevator exposure. The lease was brokered by Mark Gindi of MJ Property Group.
Summary of transaction details
- Property Type: Retail
- Address: 526 7th Ave New York, NY 10018, USA
Artishouse will be dividing the space into workstations for their members to develop their artistic style. The corner and full-floor unit will provide the organization with a suitable environment to foster creativity and collaboration.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$118,364.55
Total Lease Value
$1,183,645.54
Net Landlord Cash Flow$118,364.55
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