Alan Jemal Leases Office Space To PT OF THE CITY At 2488 Grand Concourse For $50/ft
LEASED
$50
New York
See Similar DealsOffice2,750 SF
Leased 04/01/2025
LEASED
Alan Jemal Leases Office Space To PT OF THE CITY At 2488 Grand Concourse For $50/ft
2488 Grand Concourse
See Similar DealsOffice2,750 SF
Leased 04/01/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$50
Total Square Footage:2,750 SF
Transaction Type:Lease
The property involved in this lease transaction is located at 2488 Grand Concourse in the Fordham market. It is categorized as an office asset, featuring a total square footage of 2,750. The asking rent for the leased space is set at $50 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $137,500
- Address: 2488 Grand Concourse
- Landlord: Alan Jemal
- Tenant: PT OF THE CITY
- Lease Type: Retail Lease
- Brokers: Solomon Sharaby & Dorel Melloul - KSR
The key individuals involved in this transaction include the landlord Alan Jemal and the tenant PT OF THE CITY, facilitated by brokers Solomon Sharaby and Dorel Melloul from KSR. Their collaboration has led to the successful finalization of the lease agreement for the specified office space.
Players
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$157,628.34
Total Lease Value
$1,576,283.41
Net Landlord Cash Flow$157,628.34
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