Dimitris Vattes Leases Retail Space To Coral Essex At 201 8th Avenue In Chelsea For $60/ft
LEASED
$60
New York
See Similar DealsRetail1,000 SF
Leased 11/26/2025
LEASED
Dimitris Vattes Leases Retail Space To Coral Essex At 201 8th Avenue In Chelsea For $60/ft
201 8th Avenue
See Similar DealsRetail1,000 SF
Leased 11/26/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:1,000 SF
Transaction Type:Lease
The asset involved in this transaction is a retail space located at 201 8th Avenue in Chelsea, featuring a total area of 1,000 square feet. The landlord, Dimitris Vattes, and the tenant, Coral Essex, have agreed on an asking rent of $60 per square foot under a modified gross lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Square Footage: 1,000
- Landlord: Dimitris Vattes
- Tenant: Coral Essex
- Brokers: Ben Biberaj - IPRG Retail Leasing, Joseph Sobolov - Investment Property Realty Group
- Date of Transaction: 11/26/2025
The brokers representing the landlord and tenant in this lease transaction are Ben Biberaj from IPRG Retail Leasing and Joseph Sobolov from Investment Property Realty Group. Their roles have been crucial in concluding this agreement between Dimitris Vattes and Coral Essex.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$68,783.28
Total Lease Value
$687,832.76
Net Landlord Cash Flow$68,783.28
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