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The Practice Room Leases Retail Space At 650 Broadway Noho For $45/ft

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LEASED
$45

New York

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Retail4,000 SF
Leased 03/08/2024
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Property Image
LEASED

The Practice Room Leases Retail Space At 650 Broadway Noho For $45/ft

650 Broadway

See Similar Deals
Retail4,000 SF
Leased 03/08/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$45
Total Square Footage:4,000 SF
Transaction Type:Lease

The retail property located at 650 Broadway (4th Floor) in Noho, Manhattan, was leased for The Practice Room. The landlord, Navnit Kumar & Kavnit Kuman of 650 Realty INC, secured a retail lease with a total square footage of 4,000. The asking rent for the lease was $45 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 650 Broadway (4th Floor)
  • Market: Noho, Manhattan
  • Landlord: Navnit Kumar & Kavnit Kuman - 650 Realty INC
  • Tenant: The Practice Room
  • Landlord's Rep: John Roesch - Meridian Capital Group
  • Tenant's Rep: Ali Reslan - RDE Advisors
  • Lease Type: Retail Lease

Key individuals in this lease transaction include John Roesch from Meridian Capital Group, who represented the landlord, and Ali Reslan from RDE Advisors, who served as the tenant's representative. The deal was successfully negotiated between these parties for the lease of the retail space at 650 Broadway.

Players

John Roesch
97 deals
BROKER

Ali Reslan
RDE Advisors
5 deals$200M volume(212) 858-0158
BROKER

Details

LEASED
IMAGE: John Roesch & Ali Reslan DATE: 03/08/2024 ADDRESS: 650 Broadway (4th Floor) MARKET: Noho, Manhattan ASSET TYPE: Retail LANDLORD: Navnit Kumar & Kavnit Kuman - 650 Realty INC TENANT: The Practice Room LANDLORD'S REP: John Roesch (@_JohnRoesch_) - Meridian Capital Group (@Meridian.Capital.Group) TENANT'S REP: Ali Reslan - RDE Advisors ASKING RENT: $45/ft ~ SF: 4,000 LEASE TYPE: Retail Lease # RDEAdvisors

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Deal Type
Effective Rent (Annual)

$206,349.83

Total Lease Value

$2,063,498.28

Net Landlord Cash Flow$206,349.83