Weber Realty Management Leases Retail Space To Upon The Palace At 319 Greenwich Street
LEASED
$75
New York
See Similar DealsRetail6,500 SF
Leased 11/27/2024
LEASED
Weber Realty Management Leases Retail Space To Upon The Palace At 319 Greenwich Street
319 Greenwich Street
See Similar DealsRetail6,500 SF
Leased 11/27/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:6,500 SF
Transaction Type:Lease
The property asset involved in this lease transaction is located at 319 Greenwich Street in the Tribeca market. This retail space comprises approximately 6,500 square feet and is subject to a 15-year modified gross lease. The asking rent for the space is set at $85 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $85/ft
- Address: 319 Greenwich Street
- Market: Tribeca
- Lease Term: 15 Years
- Lease Type: Modified Gross Lease
- Landlord: Weber Realty Management
- Tenant: Upon the Palace
- Landlord's Representative: Joshua Singer - The Heller Organization
- Tenant's Representative: Calvin Xu
This transaction features key individuals including Joshua Singer, who represents the landlord, Weber Realty Management, and Calvin Xu, representing the tenant, Upon the Palace. Their involvement is pivotal in facilitating the lease terms and finalizing the agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$558,864.12
Total Lease Value
$5,588,641.16
Net Landlord Cash Flow$558,864.12
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