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Sammys Roumanian Steakhouse Leases Mixed-Use Space In Lower East Side With Landlord's Rep Joey Kafif

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LEASED
$110

New York

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Mixed-use2,000 SF
Leased 01/29/2024
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Property Image
LEASED

Sammys Roumanian Steakhouse Leases Mixed-Use Space In Lower East Side With Landlord's Rep Joey Kafif

112 Stanton Street

See Similar Deals
Mixed-use2,000 SF
Leased 01/29/2024
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$110
Total Square Footage:2,000 SF
Transaction Type:Lease

The mixed-use property located at 112 Stanton Street in the Lower East Side has been leased. The tenant, Sammys Roumanian Steakhouse, has entered into a 15-year Modified Gross Lease agreement with the landlord, Lee Family. The lease covers a space of 2,000 square feet, and the asking rent for the property was $110 per square foot.

Summary of Transaction Details:

  • Property Type: Mixed-use
  • Transaction Amount: Not applicable
  • Address: 112 Stanton Street
  • Market: Lower East Side

Joey Kafif from Safdie Realty Group represented the landlord, Lee Family, in the leasing transaction. The tenant, Sammys Roumanian Steakhouse, was represented by Harris Bulow from FlagshipEra.

For those seeking assistance in finding new spaces or leasing out vacant spaces in Brooklyn, Bronx, Manhattan, or Queens, Safdie Realty Group (SRG) can be contacted. To get in touch with Joey Kafif, you can reach out to him via email at [email protected].

Players

Harris Bulow
5 deals(646) 209-9777
BROKER

Details

LEASED
IMAGE: Joey Kafif DATE: 01/29/2024 ADDRESS: 112 Stanton Street MARKET: Lower East Side ASSET TYPE: Mixed-use LANDLORD: Lee Family TENANT: Sammys Roumanian Steakhouse LANDLORD'S REP: Joey Kafif - Safdie Realty Group (@Safdie_Realty_Group) TENANT'S REP: Harris Bulow (@StoreBrokerNYC) - FlagshipEra (@FlagshipEra) ASKING RENT: $110/ft ~ SF: 2,000 LEASE TYPE: Modified Gross Lease LEASE TERM: 15 years NOTE FROM LANDLORD'S REP: Safdie Realty Group (SRG) Representing landlords and tenants in Brooklyn, Bronx, Manhattan, and Queens. Contact Joey Kafif at [email protected] for assistance in finding a new space or leasing out your vacant spaces!

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Deal Type
Effective Rent (Annual)

$252,205.34

Total Lease Value

$2,522,053.45

Net Landlord Cash Flow$252,205.34