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Sam'S Mini Market Leases Retail Space At 11 Avenue D, East Village

Property Image
LEASED
$144
Aaron Aziz
Benjamin (Ben) Namdar

New York

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Retail750 SF
Leased 06/18/2024
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Property Image
LEASED

Sam'S Mini Market Leases Retail Space At 11 Avenue D, East Village

11 Avenue D, SPC A

See Similar Deals
Retail750 SF
Leased 06/18/2024
Aaron Aziz
Benjamin (Ben) Namdar
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$144
Total Square Footage:750 SF
Transaction Type:Lease

Located at 11 Avenue D - Space A in East Village, Manhattan, this retail property was leased to Sam'S Mini Market under a 10-year Modified Gross Lease agreement. The space spans 750 square feet with an asking rent of $144 per square foot.

Summary of transaction details:

In facilitating this lease, Avenue Realty Advisors acted as the dual representative for both the landlord, Dariel Nunez, and the tenant, Sam'S Mini Market. The quick lease of the property came after the space had been vacant for an extended period and was listed under ARA's representation, showcasing their ability to match unique tenants with suitable spaces from their diverse tenant list.

Players

Aaron Aziz
ARA
Aaron Aziz
47 deals(516) 355-8018
BROKER
Benjamin (Ben) Namdar
Kassin Sabbagh Realty
Benjamin Namdar
34 deals(516) 406-9176
BROKER

Details

LEASED
IMAGE: Benjamin Namdar DATE: 06/18/2024 ADDRESS: 11 Avenue D - Space A MARKET: East Village, Manhattan ASSET TYPE: Retail LANDLORD: Dariel Nunez TENANT: Sam'S Mini Market BROKERS: Benjamin Namdar (@BenNamdar) & Aaron Aziz (@AarAziz) - Avenue Realty Advisors (@ARANYC_) ASKING RENT: $144/ft ~ SF: 750 LEASE TYPE: Modified Gross Lease LEASE TERM: 10 Year Lease NOTE FROM BROKER: In this particular lease, ARA dually represented both the owner & the tenant. This tenant is part of ARA’s expansive tenant list which consists of unique tenants of all different trades & styles. Previously vacant for an extended period, this space was quickly leased after ARA took over the listing. If you are an owner looking to lease your vacant commercial space or a tenant seeking to open a new or additional location, please reach out to one of our leasing specialists for professional advice and support. Website: www.aranyc.com (http://www.aranyc.com/) Instagram: @aranyc_ Interested in joining the ARA Team? Reach Out Today! https://www.aranyc.com/contact (https://www.aranyc.com/contact)

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Deal Type
Effective Rent (Annual)

$123,809.90

Total Lease Value

$1,238,098.97

Net Landlord Cash Flow$123,809.90