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Wang Ning's Pop Mart Signs 7000 Square Foot Lease With Landlord Josef Buchmann At 680 5th Avenue
LEASED
New York
See Similar DealsRetail7,000 SF
Leased 03/29/2026
LEASED
Wang Ning's Pop Mart Signs 7000 Square Foot Lease With Landlord Josef Buchmann At 680 5th Avenue
680 5th Avenue
See Similar DealsRetail7,000 SF
Leased 03/29/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:7,000 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 680 Fifth Avenue in Midtown Manhattan, covering an area of 7,000 square feet. This space has been recently leased to Pop Mart, a company recognized for its Labubu dolls, after remaining vacant for an extended period in a challenging market corridor.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 680 5th Avenue
- Market: Midtown Manhattan
- Landlord: Josef Buchmann
- Tenant: Wang Ning - Pop Mart
- Broker: Steven Soutendijk - Cushman & Wakefield
The transaction features Wang Ning representing the tenant, Pop Mart, with broker Steven Soutendijk from Cushman & Wakefield facilitating the deal. This lease marks a significant step in bringing business back to the upper Midtown area.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$401,235.78
Total Lease Value
$4,012,357.76
Net Landlord Cash Flow$401,235.78
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