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Limusina Leases Retail Space At 441 Ninth Avenue In Hudson Yards For 15 Years

Property Image
LEASED
$200
Michael Shkreli
Taryn Brandes
+ 2

New York

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Retail8,465 SF
Leased 04/29/2024
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Property Image
LEASED

Limusina Leases Retail Space At 441 Ninth Avenue In Hudson Yards For 15 Years

441 Ninth Avenue

See Similar Deals
Retail8,465 SF
Leased 04/29/2024
Michael Shkreli
Taryn Brandes
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$200
Total Square Footage:8,465 SF
Transaction Type:Lease

The property asset involved in this lease transaction is located at 441 Ninth Avenue in the Hudson Yards market. This retail space consists of 8,465 square feet and is under a 15-year single net lease with an asking rent of $200 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,693,000
  • Lease Term: 15 years
  • Lease Type: Single Net Lease
  • Landlord: CommonWealth Partners
  • Tenant: Limusina
  • Landlord's Rep: Steven E. Baker, Michael Shkreli & Daniyel Cohen - RTL Real Estate
  • Tenant's Rep: Taryn Brandes & Emily Green - Brand Urban

This deal showcases the collaboration of various representatives in the transaction. Landlord's representatives Steven E. Baker, Michael Shkreli, and Daniyel Cohen from RTL Real Estate worked to finalize the lease with tenant representatives Taryn Brandes and Emily Green from Brand Urban, facilitating the successful agreement between CommonWealth Partners and Limusina.

Players

Michael Shkreli
5 deals
BROKER

Daniyel Cohen
RTL Real Estate
9 deals
BROKER

Taryn Brandes
Brand Urban
6 deals(212) 230-5708
BROKER



RTL Real Estate
BROKERAGE

Brand Urban
BROKERAGE

Details

LEASED
IMAGE: Daniyel Cohen, Michael Shkreli, Steven E. Baker, Emily Green & Taryn Brandes DATE: 4/29/2024 ADDRESS: 441 Ninth Avenue MARKET: Hudson Yards ASSET TYPE: Retail LANDLORD: CommonWealth Partners TENANT: Limusina (@LimusinaNYC) LANDLORD'S REP: Steven E. Baker (@StevenEB3), Michael Shkreli (@Shkreli129) & Daniyel Cohen (@Danimaxc) - RTL Real Estate TENANT'S REP: Taryn Brandes (@TPBrandes) & Emily Green (@EmilyGreen4) - Brand Urban (@BrandUrbanRE) ASKING RENT: $200/ft ~ SF: 8,465 LEASE TERM: 15 years LEASE TYPE: Single Net Lease

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Deal Type
Effective Rent (Annual)

$1,940,834.77

Total Lease Value

$19,408,347.67

Net Landlord Cash Flow$1,940,834.77