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Brokerage
Posted: November 8, 2022
Zar Property NY leases 12,485 s/f to three tenants at 42-44 Greene St.
New York, NY Zar Property NY has signed multiple long-term leases at 42-44 Greene St., a 5-story mixed-use building between Broome St. and Grand St. in SoHo.
Celebrity apparel brand Mother Denim has signed a long-term lease for 5,500 s/f on the 2nd floor for a new showroom.
Flou, a luxury Italian furniture brand, has renewed its 4,000 s/f retail flagship for an additional 10 years.
An unnamed celebrity influencer and entrepreneur has signed a long-term lease for 2,985 s/f on the 3rd floor for a new headquarters.
Asking rents for the upper floors were $72 and $75 per s/f according to Costar.
“These three transactions reaffirm SoHo’s position as a destination for companies, brands and luxury retailers to work, play and collaborate in New York. Leasing activity in the neighborhood has remained strong in 2022 and we look forward to more dealmaking to conclude this year”, said David Zar, principal and director of leasing at Zar Property NY who alongside Julian Zar represented Zar Property NY in-house on all three leases. Cushman & Wakefield’s Kelly Broderick represented Mother, Denim and Flou was handled directly.
Zar Property NY is a family-run real estate investment firm in business over 20 years.
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