La Belle Epoque Leases Retail Space At 71 8th Avenue In Chelsea
LEASED
New York
See Similar DealsRetail2,230 SF
Leased 06/04/2020
LEASED
La Belle Epoque Leases Retail Space At 71 8th Avenue In Chelsea
71 8th Avenue, Chelsea, New York, NY, USA
See Similar DealsRetail2,230 SF
Leased 06/04/2020
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:2,230 SF
Transaction Type:Lease
A lease transaction has taken place in Chelsea, specifically at 71 8th Avenue. The asset involved in this deal is a retail space. La Belle Epoque is the tenant who has secured this lease, with Raymond Levy being the landlord. Jordan Raphan and Michael Turovskiy from Kassin Sabbagh Realty acted as the brokers for this transaction.
Summary of transaction details
- Property Type: Retail
- Lease Date: 06/04/2021
- Address: 71 8th Avenue
- Market: Chelsea
The lease deal was facilitated by Jordan Raphan and Michael Turovskiy from Kassin Sabbagh Realty. They represented the tenant, La Belle Epoque, in securing the lease agreement with Raymond Levy, the landlord. The transaction involved a lease of 2,230 square feet of retail space at an asking rent of $120 per square foot.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$127,822.25
Total Lease Value
$1,278,222.54
Net Landlord Cash Flow$127,822.25
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