Ekstein Development Group Leases Retail Space To Pearl Pilates At 538 West 28th Street
LEASED
$100
New York
See Similar DealsRetail1,500 SF
Leased
LEASED
Ekstein Development Group Leases Retail Space To Pearl Pilates At 538 West 28th Street
538 West 28th Street
See Similar DealsRetail1,500 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$100
Total Square Footage:1500 SF
Transaction Type:Lease
The lease involves a retail asset located at 538 West 28th Street in the West Chelsea market of Manhattan. The asking rent for the property is set at $100 per square foot, encompassing a total area of 1,500 square feet. The lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150,000
- Address: 538 West 28th Street
- Market: West Chelsea, Manhattan
- Landlord: Ekstein Development Group
- Tenant: Pearl Pilates
- Brokers: Jeremy Banilevi, Cory Zelnik & Jason Turner - Zelnik & Company
The transaction was facilitated by three brokers, namely Jeremy Banilevi, Cory Zelnik, and Jason Turner, who are affiliated with Zelnik & Company. The role of the brokers was crucial in connecting the landlord, Ekstein Development Group, with the tenant, Pearl Pilates, for this lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$171,958.19
Total Lease Value
$1,719,581.90
Net Landlord Cash Flow$171,958.19
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