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Evergold Properties Secures Lease For South African Restaurant In Midtown Manhattan

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LEASED

New York

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Retail2,441 SF
Leased 06/07/2024
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Property Image
LEASED

Evergold Properties Secures Lease For South African Restaurant In Midtown Manhattan

110 West 40th Street

See Similar Deals
Retail2,441 SF
Leased 06/07/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:2,441 SF
Transaction Type:Lease

A South African seafood restaurant is set to open in Midtown Manhattan at 110 West 40th Street, occupying a 2,441 square feet retail space. The lease for this property was secured by Mr. Bao, with Evergold Properties facilitating the deal. The agreement was reached with an asking rent of $375,000 per year.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $375,000/Year
  • Address: 110 West 40th Street
  • Market: Midtown Manhattan
  • Asset Size: 2,441 SF
  • Landlord's Rep: Brett Maslin & David Levy - Adams & Company
  • Tenant's Rep: Evergold Properties

The lease agreement for the South African seafood restaurant at 110 West 40th Street was facilitated by Evergold Properties, representing the tenant, Mr. Bao. On the other side, the landlord was represented by Brett Maslin and David Levy from Adams & Company.

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15 deals$131.3M volume(917) 326-5511
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Details

LEASED
IMAGE: Brett Maslin & David Levy DATE: 06/07/2024 ADDRESS: 110 West 40th Street MARKET: Midtown Manhattan ASSET TYPE: Retail ~ SF: 2,441 LANDLORD'S REP: Brett Maslin (@BMaslin) & David Levy (@DavidLevyLA) - Adams & Company TENANT'S REP: Evergold Properties ASKING RENT: $375,000/Year ~ SF: 2,441 NOTE: A South African seafood restaurant is set to open in Midtown Manhattan at 110 W. 40th St., occupying a 2,441 square feet retail space. The tenant, Mr. Bao, secured the lease, facilitated by Evergold Properties, while the landlord, represented by Adams & Co.'s David Levy and Brett Maslin, agreed to an asking rent of $375,000 per year.

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Deal Type
Effective Rent (Annual)

$139,916.65

Total Lease Value

$1,399,166.47

Net Landlord Cash Flow$139,916.65