Bureau Gallery Leases Retail Space At 112 Duane Street In New York City
LEASED
$120
+ 1
New York
See Similar DealsRetail3,600 SF
Leased 03/14/2023
LEASED
Bureau Gallery Leases Retail Space At 112 Duane Street In New York City
112 Duane Street, New York City, New York 10007, United States
See Similar DealsRetail3,600 SF
Leased 03/14/2023
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:3,600 SF
Transaction Type:Lease
112 Duane Street in New York City has recently been leased for a period of 12 years and 4 months. The retail property, spanning 3,600 square feet, was leased by Bureau Gallery from the landlord, Jeffrey Siegel. The transaction was facilitated by the landlord's representatives, Andrew Stern and Scott Zinovoy of Newmark, and the tenant's representative, Steven Gurton of R New York. The lease was finalized on March 14, 2023, with an asking rent of $120 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 112 Duane Street, New York City
- Market: New York City
- Square Footage: 3,600 sq ft
The landlord's representatives, Andrew Stern and Scott Zinovoy of Newmark, played a crucial role in finalizing the lease agreement. Steven Gurton of R New York served as the tenant's representative throughout the negotiation process.
Players
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$495,239.59
Total Lease Value
$4,952,395.86
Net Landlord Cash Flow$495,239.59
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