Scott Schechter Leases Retail Space To Lin & Daughters In Flatiron District At 55 West 26th Street
LEASED
$211
New York
See Similar DealsRetail1,421 SF
Leased 02/11/2025
LEASED
Scott Schechter Leases Retail Space To Lin & Daughters In Flatiron District At 55 West 26th Street
55 West 26th Street
See Similar DealsRetail1,421 SF
Leased 02/11/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$211
Total Square Footage:1,421 SF
Transaction Type:Lease
The property involved in this transaction is a retail asset located at 55 West 26th Street in the Flatiron District. The lease type is a Modified Gross Lease for a total area of 1,421 square feet. The asking rent for this property is $211 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $211/ft
- Address: 55 West 26th Street
- Market: Flatiron District
- Lease Type: Modified Gross Lease
- Square Footage: 1,421
- Landlord: Scott Schechter
- Tenant: Lin & Daughters
- Landlord's Rep: Jason Pennington - Ripco
- Tenant's Rep: Noam Aziz & Carson Shahrabani - Meridian Capital Group
The transaction showcases the collaborative efforts of the brokers involved. Jason Pennington represents the landlord, Scott Schechter, while Noam Aziz and Carson Shahrabani are the representatives for the tenant, Lin & Daughters, through Meridian Capital Group.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$343,918.12
Total Lease Value
$3,439,181.22
Net Landlord Cash Flow$343,918.12
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