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Lexington Realty Leases Multifamily Space To Rafaels Market On Lexington Avenue For 10 Years

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LEASED
$72

New York

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MultiFamily1,000 SF
Leased 01/27/2025
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Property Image
LEASED

Lexington Realty Leases Multifamily Space To Rafaels Market On Lexington Avenue For 10 Years

1621 Lexington Avenue

See Similar Deals
MultiFamily1,000 SF
Leased 01/27/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$72
Total Square Footage:1,000 SF
Transaction Type:Lease

The property asset involved in this transaction is a multifamily building located at 1621 Lexington Avenue in the Harlem market. The lease is for a space measuring 1,000 square feet, with an asking rent of $72 per square foot. The lease term is set for 10 years and falls under a modified gross lease type.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $72/ft
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Address: 1621 Lexington Avenue
  • Market: Harlem
  • Landlord: Lexington Realty
  • Tenant: Rafaels Market
  • Broker: Aryeh Vilinsky - BH Realty

The individuals and companies involved in this lease transaction include the landlord, Lexington Realty, and the tenant, Rafaels Market, who will occupy the space under the terms of the agreement. Aryeh Vilinsky from BH Realty acted as the broker representing the interests of the landlord in this deal.

Players

Aryeh Vilinsky
62 deals(917) 450-9773
BROKER

LANDLORD

Details

LEASED
IMAGE: Aryeh Vilinsky DATE: 01/27/2025 ADDRESS: 1621 Lexington Avenue MARKET: Harlem ASSET TYPE: Multifamily LANDLORD: Lexington Realty TENANT: Rafaels Market BROKER: Aryeh Vilinsky (@Aryeh.Vilinsky) - BH Realty (@BHRealtyNYC) ASKING RENT: $72/ft ~ SF: 1,000 LEASE TERM: 10 Years LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$82,539.93

Total Lease Value

$825,399.31

Net Landlord Cash Flow$82,539.93