Studio 16 Leases Retail Space At 7 West 20th Street In Flatiron
LEASED
New York
See Similar DealsRetail700 SF
Leased 03/16/2021
LEASED
Studio 16 Leases Retail Space At 7 West 20th Street In Flatiron
7 West 20th Street, Manhattan, New York, NY, USA
See Similar DealsRetail700 SF
Leased 03/16/2021
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:700 SF
Transaction Type:Lease
The retail property located at 7 West 20th Street in the Flatiron market has recently been leased. The tenant, Studio 16, has entered into a lease agreement with the landlord, The Settepani Family. The transaction was facilitated by brokers Michael Gammal and Leviathan Leasing. The property offers approximately 700 square feet of space and was listed at an asking rent of $63 per square foot.
Summary of transation details
- Property Type: Retail
- Tenant: Studio 16
- Landlord: The Settepani Family
- Broker: Michael Gammal - Leviathan Leasing
- Address: 7 West 20th Street
- Market: Flatiron
- Asking Rent: $63/ft.
- SF: 700
The Settepani Family, as the landlord, has successfully secured a lease with Studio 16 for their retail space at 7 West 20th Street. Michael Gammal and Leviathan Leasing represented both parties in this transaction, ensuring a smooth negotiation process. Studio 16 can now operate their business in this prime location in the Flatiron market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$40,123.58
Total Lease Value
$401,235.78
Net Landlord Cash Flow$40,123.58
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