Peter Elliot Leases Retail Space To Popular Bank At 1 Fordham Plaza In Bronx For $80/ft

The property asset involved in the transaction is a retail space located at 1 Fordham Plaza, Bronx. The tenant, Popular Bank, has secured a lease for a duration of 10 years at an asking rent of $80 per square foot, with the total space measuring 2,200 square feet. The lease type is a Modified Gross Lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $176,000
• Address: 1 Fordham Plaza
• Lease Term: 10 Years
• Asking Rent: $80/ft
• Square Footage: 2,200
• Landlord: Peter Elliot
• Landlord's Representative: Miles Mahony - Ripco
• Tenant: Popular Bank
• Tenant's Representatives: Josh Augenbaum & Murray Mizrachi - Augenbaum Realty

The deal involves several key individuals and companies. Miles Mahony represented the landlord, Peter Elliot, while the tenant, Popular Bank, was represented by Josh Augenbaum and Murray Mizrachi from Augenbaum Realty. Their involvement highlights the collaborative effort in securing this lease agreement within the retail market of Bronx.