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Kyuramen Leases Retail Space At 40 Gold Street In Financial District For 10 Years

Property Image
LEASED
$70
Stephen (Steve) Weber
Adam Heller
+ 1

New York

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Retail5,500 SF
Leased 08/01/2024
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Property Image
LEASED

Kyuramen Leases Retail Space At 40 Gold Street In Financial District For 10 Years

40 Gold Street

See Similar Deals
Retail5,500 SF
Leased 08/01/2024
Stephen (Steve) Weber
Adam Heller
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$70
Total Square Footage:5,500 SF
Transaction Type:Lease

This retail asset is located at 40 Gold Street within the Financial District. The asking rent for this property is set at $70 per foot, encompassing a total area of 5,500 square feet. The lease agreement spans 10 years with an option, structured as a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $70/ft
  • Address: 40 Gold Street
  • Market: Financial District
  • Landlord: Werber Management
  • Tenant: Kyuramen
  • Landlord's Representative: Joshua Singer, Stephen Weber & Adam Heller - The Heller Organization
  • Tenant's Representative: Elvan Chou - The Real Brokerage
  • Lease Term: 10 year + option
  • Lease Type: Modified Gross Lease
  • Square Footage: 5,500 SF

The transaction involved multiple key players, including the landlord Werber Management and tenant Kyuramen. The representatives for the landlord were Joshua Singer, Stephen Weber, and Adam Heller from The Heller Organization, while Elvan Chou from The Real Brokerage represented the tenant in this agreement.

Players

Adam Heller
5 deals
BROKER

Stephen (Steve) Weber
The Heller Organization
9 deals$22.5M volume
BROKER

Joshua Singer
The Heller Organization
13 deals
BROKER

Elvan Chou
Real Broker
1 deal
BROKER

Details

LEASED
IMAGE: Joshua Singer, Stephen Weber, Adam Heller & Elvan Chou DATE: 07/31/2024 ADDRESS: 40 Gold Street MARKET: Financial District ASSET TYPE: Retail LANDLORD: Werber Management TENANT: Kyuramen LANDLORD'S REP: Joshua Singer (@Josh_SingerNYC), Stephen Weber (@Weber_RealEstate) & Adam Heller (@HellerNYC) - The Heller Organization (@HellerOrg) TENANT'S REP: Elvan Chou (@ElvChou) - The Real Brokerage (@RealBrokerage) ASKING RENT: $70/ft ~ SF: 5,500 LEASE TERM: 10 year + option LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$441,359.35

Total Lease Value

$4,413,593.53

Net Landlord Cash Flow$441,359.35