Atlantic Development Leases Retail Space To Star Mart At 1000 Westchester Avenue For $55/ft
LEASED
$55
New York
See Similar DealsRetail4,588 SF
Leased 07/31/2024
LEASED
Atlantic Development Leases Retail Space To Star Mart At 1000 Westchester Avenue For $55/ft
1000 Westchester Avenue
See Similar DealsRetail4,588 SF
Leased 07/31/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$55
Total Square Footage:4,588 SF
Transaction Type:Lease
The property involved in this transaction is a retail asset located at 1000 Westchester Avenue in the Longwood market. The asking rent for the space, which spans 4,588 square feet, is set at $55 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $55/ft
- Asset Size: 4,588 SF
- Address: 1000 Westchester Avenue
- Market: Longwood
- Landlord: Atlantic Development
- Tenant: Star Mart
- Brokers: Miles Sabbagh & Marc Sitt - KSR
- Lease Type: Retail Lease
The deal involved key individuals including brokers Miles Sabbagh and Marc Sitt from KSR, representing the interests of the landlord, Atlantic Development, in the lease with tenant Star Mart.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$289,279.53
Total Lease Value
$2,892,795.31
Net Landlord Cash Flow$289,279.53
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