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A Little Pink Signs Lease For Retail Space At 68 Franklin Street In Tribeca With Moez Realty

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LEASED
$135

New York

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Retail2,200 SF
Leased 10/01/2024
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Property Image
LEASED

A Little Pink Signs Lease For Retail Space At 68 Franklin Street In Tribeca With Moez Realty

68 Franklin Street

See Similar Deals
Retail2,200 SF
Leased 10/01/2024
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$135
Total Square Footage:2,200 SF
Transaction Type:Lease

The property asset involved in this transaction is located at 68 Franklin Street in the Tribeca market of Manhattan. It is a retail space with a total square footage of 2,200. The asking rent for this property was set at $135 per square foot, under a Modified Gross Lease structure.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $135/ft
  • Address: 68 Franklin Street
  • Market: Tribeca, Manhattan
  • Lease Type: Modified Gross Lease
  • Landlord: Moez Realty - Mike Moeznia
  • Tenant: A Little Pink
  • Broker: REQCE Commercial
  • Square Footage: 2,200

REQCE Commercial acted as the broker in this transaction, representing both the landlord, Moez Realty, and the tenant, A Little Pink. The latter is a luxury fashion brand that is opening its first New York store at this location, aiming to contribute to the fashion scene in Tribeca.

Players

REQCE Commercial
REQCE Commercial
BROKERAGE

Details

LEASED
IMAGE: 10/01/2024 ADDRESS: 68 Franklin Street MARKET: Tribeca, Manhattan ASSET TYPE: Retail LANDLORD: Moez Realty - Mike Moeznia TENANT: A Little Pink BROKER: REQCE Commercial (@REQCECommercial) ASKING RENT: $135/ft ~ SF: 2,200 LEASE TYPE: Modified Gross Lease NOTE FROM BROKER: @reqcecommercial is a real estate services company, facilitating connections between tenants and landlords. REQCE represented both parties in this transaction. A Little Pink, a luxury fashion brand driven by passion, creativity, and a deep understanding of fashion, is opening its first New York store at 68 Franklin St., bringing bold elegance to one of the city's most stylish districts.

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Deal Type
Effective Rent (Annual)

$340,477.22

Total Lease Value

$3,404,772.16

Net Landlord Cash Flow$340,477.22