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Mazi Hospitality Group Corp. Leases Retail Space From John Kalas In Midtown East Manhattan

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LEASED
$252

New York

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Retail1,000 SF
Leased
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LEASED

Mazi Hospitality Group Corp. Leases Retail Space From John Kalas In Midtown East Manhattan

1066 2nd Avenue

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Retail1,000 SF
Leased
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$252
Total Square Footage:1000 SF
Transaction Type:Lease

The property involved in the transaction is a retail asset located at 1066 2nd Avenue in Midtown East, Manhattan. The property has a total square footage of 1,000 and has an asking rent of $252 per square foot, structured as a retail lease.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $252/ft
  • Address: 1066 2nd Avenue
  • Market: Midtown East, Manhattan
  • Landlord: John Kalas - JJNK corp
  • Tenant: Mazi Hospitality Group Corp.
  • Landlord's Representative: Emilian Derguti - Capstone Properties
  • Tenant's Representative: James Famularo - Meridian Capital Group

The leasing transaction was facilitated by John Kalas representing the landlord, JJNK corp, and Mazi Hospitality Group Corp. as the tenant. Emilian Derguti and James Famularo played pivotal roles as representatives of their respective parties, ensuring the successful execution of the lease agreement.

Players

James Famularo
346 deals$11.4M volume(212) 468-5960
BROKER

Emilian Derguti
Capstone Properties NY
7 deals$885K volume(917) 683-5905
BROKER

Details

LEASED
IMAGE: James Famularo & Emilian Derguti DATE: 09/27/2024 ADDRESS: 1066 2nd Avenue MARKET: Midtown East, Manhattan ASSET TYPE: Retail LANDLORD: John Kalas - JJNK corp TENANT: Mazi Hospitality Group Corp. LANDLORD'S REP: Emilian Derguti (@Emilian1234) - Capstone Properties TENANT'S REP: James Famularo (@JamesFamularo) (@MrFamularo) - Meridian Capital Group (@Meridian.Capital.Group) ASKING RENT: $252/ft ~ SF: 1,000 LEASE TYPE: Retail Lease

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Deal Type
Effective Rent (Annual)

$288,889.76

Total Lease Value

$2,888,897.59

Net Landlord Cash Flow$288,889.76