Massey Knakal Retail Leasing Services Retained To Secure Retail Lease For Lower East Side Building
Massey Knakal Retail Leasing Services has been retained as an exclusive agent to secure a retail tenant for the ground floor space at 86 Allen Street. The property features 50 feet of frontage on Allen Street, which is extremely large given its 1,650 square feet. The area benefits from continuous traffic from pedestrians, automobiles, and tourist buses, which pass directly by the space.
Neighboring tenants include Bank of America, HSBC, Zarin Fabrics, and Little Giant. The chance to secure a space of this size and quality at this price point is major opportunity for any tenant wishing to take advantage of the Lower East Side’s continued expansion before rents are driven up further.
“While the landlord would consider almost any tenant for this space, it is an obvious opportunity for a gallery or a restaurant,” says Brendan Gotch, Director of Retail Leasing. “Given the influx of galleries in the area, I am sure that we will attract a significant amount of interest from this type of tenant.”
For more information, contact Brendan Gotch or Will Suarez, Directors of Retail Leasing for Massey Knakal at 212.696.2500.
Massey Knakal Retail Leasing Services (MKRLS) is a focused retail leasing division whose goal is to ensure that every client obtains creditable tenants at the highest overall rental income. To accomplish this objective, the MKRLS team quickly and efficiently implements well-orchestrated marketing and leasing campaigns geared toward targeted groups of retail candidates.