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Unapologetic Foods Leases 3,600 Square Feet Retail Space At 107 1st Avenue For $22,500/month

Property Image
LEASED
$22,500
Matthew Fogel
Albert Halawani
Aaron Gavios

New York

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Retail3,600 SF
Leased 07/15/2024
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Property Image
LEASED

Unapologetic Foods Leases 3,600 Square Feet Retail Space At 107 1st Avenue For $22,500/month

107 1st Avenue

See Similar Deals
Retail3,600 SF
Leased 07/15/2024
Matthew Fogel
Albert Halawani
Aaron Gavios
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$22,500
Total Square Footage:3,600 SF
Transaction Type:Lease

The property asset involved in this transaction is a retail space located at 107 1st Avenue in the East Village, Manhattan. The asking rent for this 3,600-square-foot space is set at $22,500 per month, with the lease term negotiated for 10 years.

Summary of transaction details:

Unapologetic Foods, a tenant in this transaction, has secured a lease that includes a five-year renewal option, marking the expansion of their Indian dining concept, Adda, into the Manhattan area.

Players

Albert Halawani
Kassin Sabbagh Realty
Albert Halawani
49 deals$445M volume(347) 204-6578
BROKER
Matthew Fogel
Kassin Sabbagh Realty
Matthew Fogel
21 deals(203) 962-5800
BROKER
Aaron Gavios
Aaron Gavios
1 deal(212) 971-0007
BROKER

Details

LEASED
IMAGE: Aaron Gavios, Albert Halawani & Matthew Fogel DATE: 07/15/2024 ADDRESS: 107 1st Avenue MARKET: East Village, Manhattan ASSET TYPE: Retail LANDLORD: Lawrence Movtady TENANT: Unapologetic Foods (@UnapologeticFoodsNYC) LANDLORD'S REP: Aaron Gavios - Gavios Realty Group TENANT'S REP: Albert Halawani (@AlbertHalawani) & Matthew Fogel (@Matt_Fogel) - KSR (@Kassin_Sabbagh_Realty) ASKING RENT: $22,500/month ~ SF: 3,600 LEASE TERM: 10-year NOTE: Unapologetic Foods has secured a 10-year lease for a 3,600-square-foot space on First Avenue, taking over the former location of Huertas. The lease includes a five-year renewal option at an asking rent of $22,500 per month, marking the expansion of their acclaimed Indian dining concept, Adda, into Manhattan's East Village.

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Deal Type
Effective Rent (Annual)

$92,857,422.42

Total Lease Value

$928,574,224.23

Net Landlord Cash Flow$92,857,422.42