M&T Bank Leases Multifamily Space At 2980 Third Avenue Bronx With Alex Adjimi As Landlord

The asset involved in this lease transaction is a MultiFamily property located at 2980 Third Avenue in the Bronx. The lease is for a duration of 20 years under a Single Net Lease agreement with an asking rent of $95 per square foot, encompassing a total of 2,485 square feet.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $95/ft
• Square Footage: 2,485
• Address: 2980 Third Avenue
• Market: Bronx
• Tenant: M&T Bank
• Landlord: Alex Adjimi
• Tenant's Representative: Peter Braus & Steve Lorenzo - Lee & Associates
• Landlord's Representative: Daniel DePasquale & Scott Sher - Katz & Associates Real Estate Advisors

Peter Braus and Steve Lorenzo represented M&T Bank in the lease transaction, while Daniel DePasquale and Scott Sher represented the landlord, Alex Adjimi. This collaboration facilitated the successful agreement on the terms of the lease for the MultiFamily property.