James Nicholson Leases Retail Space To Pilates Addiction At 117 West 72nd Street For 10 Years
LEASED
$72
New York
See Similar DealsRetail1,300 SF
Leased 12/15/2025
LEASED
James Nicholson Leases Retail Space To Pilates Addiction At 117 West 72nd Street For 10 Years
117 West 72nd Street
See Similar DealsRetail1,300 SF
Leased 12/15/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$72
Total Square Footage:1,300 SF
Transaction Type:Lease
This retail asset is located at 117 West 72nd Street in the Upper West Side market. It encompasses a leased space of 1,300 square feet, with an asking rent of $72 per square foot. The lease agreement established is a Modified Gross Lease, and the lease term is set for 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $72/ft
- Square Footage: 1,300 SF
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: James Nicholson - Sterling West
- Tenant: Pilates Addiction
- Landlord's Representative: Neil Zaken & Kevin Loh - Compass
Representing the Landlord, The Zaken Team successfully executed the lease in under 90 days, highlighting their strategic marketing and disciplined execution approach to delivering results in commercial asset leasing.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$107,301.91
Total Lease Value
$1,073,019.10
Net Landlord Cash Flow$107,301.91
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