SUSAN PENZNER Real Estate




Exclusive Commercial & Retail Leasing


212.343.1909 x13



Office/Showroom

391 Broadway

Classic Full Floor Loft

5th floor:     Approx. 2,400 rentable sf

Rent:           $7,800/mo   

Description: High ceilings with tin. Hardwood floors. Built private office/conference. Two private restrooms. Near Canal street subways. Manned passenger elevator 9am-5pm M-F.

 

 



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84 Wooster Street/134 Spring Street

Prime Soho Showroom/Loft Spaces

Partial 602:   Approx. 1,993 rentable sf

Rent:            $9,150/mo

Available:      February 2012

Description: Built conference room. Hardwood floors. Oversized windows with eastern exposure and Spring Street views. Great light. 


Partial 5th fl:  Approx. 3,797 rentable sf

Rent:             $17,400/mo

Available:      February 2012

Description:  Landlord to deliver space as in vanilla box condition with new white ash hardwood floors. Exceptional light and western views from 7 oversized windows.  Wet pantry.  C/A/C. 

Located at the corner of Wooster and Spring Streets, this Landmarked Soho building features newly renovated lobbies, 2 new automatic elevators, and video-intercom system. 



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Retail



Leased

195 Bowery at Spring Street, 2nd floor

LEASED

2nd floor:      Approx. 2,665 rentable sq. ft.

Rent:            LEASED

Description:  Built office space. Features glass conference room, 5 work areas, one private office, pantry, open space, and rear private studio/office.  Two private restrooms.  High ceilings, wood floors, exposed brick.  Excellent visibility from Spring Street & the Bowery, and great light & views.  Located at the base of recent residential condominium development. 



 


142-144 Greene Street--Rare small space in one Sohos buildings

LEASED

Partial 4th fl:   Approx. 1,675 rentable sf.

Rent:             $6,700/mo 

Description:   High ceilings. Built with one private office/conference and pantry. Oversized windows. Hardwood floors. 



 


117 Mercer Street Between Prince & Spring Streets

LEASED

Ground:            Approx. 2,400 sq. ft.

Lower Level:    Approx. 1,500 sq. ft.

Rent:                Available upon request.

Prime Mercer Street storefront available for lease. Ground floor features high ceilings, skylight, and hardwood floors.  Office and storage on lower level. Certificate of Occupancy reads Use Group 7 for entire premises.

Neighbors include Philip Lim, A.P.C., Cyrus and Company, Agent Provocateur,  Farrow and Ball, Seven New York, and Scholastic.

 



 


236 W 26th Street

LEASED

Partial 5th fl:   Approx. 2,220 rentable sf

Rent:              LEASED

Available:       Immediately

Description:    Currently used as gallery .  Features C/A/C, concrete floors, high ceilings.  Built with office/conference, storage, pantry, private restroom with shower.  Building features new elevator and lobby.



 


Exceptional Cobble Hill Boutique at Corner of Smith Street!

LEASED

Size:              Approx. 550 sq. ft. on ground plus full bsmnt

Rent:             $3,500/mo   $42,000/annum

Description:  Charming Cobble Hill store available for long-term lease. Great visibility from Smith Street (one store from corner).  Approx. 10 ft. of frontage.  No food.



 


121 Greene Street

LEASED

Entire 2nd fl:    Approx. 4,500 rentable sf

Rent:                $17,000.00/mo

Description:      Ideal Soho showroom & offices.  High ceilings.  Oversized windows. Excellent light.  Hardwood floors. 2 private restrooms.  Pantry.



 


119 Mercer Street Between Prince & Spring Streets

LEASED

Prime Mercer Street storefront available for lease. Approx. 2,100 sf ground floor.  Approx. 1200 sf storage bsmnt. Features high ceilings, skylight, and hardwood floors.  Certificate of Occupancy reads Use Group 7 for entire premises.

Neighbors include Philip Lim, A.P.C., Cyrus and Company, Agent Provocateur,  Farrow and Ball, Seven New York, and Scholastic.



 


193 Bowery--Rarely available location. Ideal for any dry use!

LEASED

Ground:            Approx. 2,250 sq. ft. plus approx. 250sf patio

Lower Level:    Approx. 1,000 sq. ft.

Rent:                Available upon request.

Currently kitchen supply store. High ceilings, approx. 25 ft. of frontage.  Ideal for gallery, furniture, lighting, or any other dry use. Located at the intersection of Spring Street near the New Museum, Sperone Westwater, and Nolita shopping.  Available immediately.



 




Sold

158 Wooster Street

SOLD

Address:         158 Wooster Street
Location:        SE corner of Wooster Houston Streets
Block/Lot:     514/1401
Ground Floor: Approx. 2932 sq. ft.
Lower Level:  Approx. 1000 sq. ft.
Tenant:          High-end German kitchen manufacturer recently leased for 10-year term.
Price:            
$6,400,000
Income:         $425,000 (10/09-9/10) Fixed 3% escalations thereafter
Expenses:      RET: $14,733 (2009/2010) 421-a tax exemption in place
                      CCs: $30,480/annum (2009)
                      Insurance: $2,000 estimated

Tenant is responsible for all RET increases above base year 2009/2010
and all Condominium Charge increases above calendar year 2010.

Estimated NOI: $377,787 (5.91% CAP)

Contact: Susan Penzner x11 susan@susanpenzner.com
               Nathan Stange x13 nathan@susan