Up Thai Signs Lease For Retail Space In Union Square
LEASED
New York
See Similar DealsRetail5,000 SF
Leased 06/22/2020
LEASED
Up Thai Signs Lease For Retail Space In Union Square
88 University Place, New York, NY, USA
See Similar DealsRetail5,000 SF
Leased 06/22/2020
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:5,000 SF
Transaction Type:Lease
A retail space located at 88 University Place in Union Square, New York has been leased. The property is owned by Mark Lapidus and was represented by @WinickRealty. The tenant, Up Thai, was represented by James Famularo and Yoni Hadar from Meridian Retail Leasing. The lease was completed on June 22, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 06/22/2021
- Address: 88 University Place
- Market: Union Square
The leasing deal for the retail space in Union Square was facilitated by James Famularo and Yoni Hadar from Meridian Retail Leasing, representing the tenant, Up Thai. Mark Lapidus, the owner of the property, was represented by @WinickRealty. The asking rent for the 5,000 square-foot space was $161 per square foot.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$286,596.98
Total Lease Value
$2,865,969.83
Net Landlord Cash Flow$286,596.98
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