Cindy Chung Leases Retail Space To BJ Cafe At 7 Spring Street In Soho

The retail asset located at 7 Spring Street, Soho, has an asking rent of $136 per square foot and comprises a total area of 1,500 square feet. This property was previously occupied by "Uncle Boon's Restaurant" and has successfully been leased to BJ Cafe after four years of vacancy.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $204,000
• Lease Type: Single Net Lease
• Landlord: Cindy Chung
• Tenant: BJ Cafe
• Landlord's Representative: Tyler Zar, Tanner Zar & Adam Lavian - Titan Group New York
• Tenant's Representative: Michael Shalom - Cushman & Wakefield
• Date of Transaction: 11/02/2024

The transaction was facilitated by Titan Group New York, which specializes in commercial and residential leasing. After the property had remained vacant for an extended period, the lease was established at full asking price to bring in BJ Cafe as the new tenant. For property owners requiring assistance with vacant units, Titan Group New York offers guidance in the leasing process.