Centennial Properties Leases Retail Space On 42 Ave B In New York To Tenant At $105/ft
LEASED
$105
Illinois
See Similar DealsRetail750 SF
Leased 04/07/2023
LEASED
Centennial Properties Leases Retail Space On 42 Ave B In New York To Tenant At $105/ft
42 Ave B - South Store
See Similar DealsRetail750 SF
Leased 04/07/2023
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$105
Total Square Footage:750 SF
Transaction Type:Lease
The property involved in this transaction is a retail space located at 42 Ave B - South Store in New York. The property is owned by Centennial Properties. The deal was facilitated by brokers Ben Biberaj and Elliot Wygoda from Meridian Capital Group. The asking rent for the space is $105 per square foot, with a total square footage of 750.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 04/07/2023
- Market: New York
Ben Biberaj and Elliot Wygoda from Meridian Capital Group played a key role in representing the landlord, Centennial Properties, in this lease transaction. The lease agreement was signed on 04/07/2023 for the retail space located at 42 Ave B - South Store in New York, with an asking rent of $105 per square foot for a total of 750 square feet.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$90,278.05
Total Lease Value
$902,780.50
Net Landlord Cash Flow$90,278.05
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