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Warby Parker Leases Retail Space At 8 Court Square, Long Island City

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LEASED
$150

New York

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Retail3,001 SF
Leased 02/22/2024
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Property Image
LEASED

Warby Parker Leases Retail Space At 8 Court Square, Long Island City

8 Court Square

See Similar Deals
Retail3,001 SF
Leased 02/22/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$150
Total Square Footage:3,001 SF
Transaction Type:Lease

The retail property located at 8 Court Square in Long Island City was leased out to Warby Parker. The space spans 2,070 square feet with an asking rent of $150 per square foot. The property features a lower-level area with a 991 square foot private ground floor entrance on 44th Drive, suitable for a boutique fitness concept. Additionally, a 1,245 square foot space on Thomson Avenue is available, ideal for a café or similar tenant.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 8 Court Square
  • Market: Long Island City
  • Landlord: Werwaiss Properties, in Partnership with Rose Associates
  • Tenant: Warby Parker
  • Asking Rent: $150/ft
  • Square Footage: 2,070

Steven E. Baker and Thomas Galo from Winick Realty Group represented both the landlord, Werwaiss Properties, and the tenant, Warby Parker, in this leasing deal. The property offers a prime location adjacent to the 8 Court Square residential entrance and overlooking Court Square Park, making it a desirable space for retail businesses.

Players

Thomas Galo
12 deals(212) 792-2602
BROKER

Details

LEASED
IMAGE: Steven E. Baker & Thomas Galo DATE: 02/22/2024 ADDRESS: 8 Court Square MARKET: Long Island City ASSET TYPE: Retail LANDLORD: Werwaiss Properties, In Partnership With Rose Associates TENANT: Warby Parker BROKERS: Steven E. Baker (@SteveneB3) & Thomas Galo (@TGalo22) - Winick Realty Group (@WinickRealty) ASKING RENT: $150/ft ~ SF: 2,070 LEASE TYPE: Modified Gross Lease NOTE FROM BROKER: Winick is presently offering for lease a 5,109 square foot lower-level area in the retail building, featuring a 991 square foot private ground floor entrance on 44th Drive. This space is perfect for a boutique fitness concept. In addition, Winick is also offering a 1,245 square foot space on Thomson Avenue – adjacent to the 8 Court Square residential entrance and overlooking the Court Square Park. This space is perfectly situated for a café or similar tenant.

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Deal Type
Effective Rent (Annual)

$516,046.53

Total Lease Value

$5,160,465.27

Net Landlord Cash Flow$516,046.53