Forever Young Daycare Leases Retail Space On Franklin Ave. In Morrisania, Bronx
LEASED
$30
New York
See Similar DealsRetail10,000 SF
Leased 07/15/2022
LEASED
Forever Young Daycare Leases Retail Space On Franklin Ave. In Morrisania, Bronx
1100 Franklin Avenue
See Similar DealsRetail10,000 SF
Leased 07/15/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$30
Total Square Footage:10,000 SF
Transaction Type:Lease
The retail property located at 1100 Franklin Ave. in Morrisania, Bronx, has been leased. The tenant, Forever Young Daycare, will be occupying the space, covering an area of 10,000 square feet. The landlord, Simcha Applegrad, leased the property to Forever Young Daycare with the assistance of brokers Dov Bleich and Avi Akiva from Tri State Commercial Realty. The asking rent for the lease was $30 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not applicable
- Address: 1100 Franklin Ave.
- Market: Morrisania, Bronx
This lease transaction was facilitated by brokers Dov Bleich and Avi Akiva from Tri State Commercial Realty, representing the landlord, Simcha Applegrad, in the deal with Forever Young Daycare. The lease agreement was negotiated at an asking rent of $30 per square foot for the 10,000 square feet of retail space at 1100 Franklin Ave.
Players
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$343,916.38
Total Lease Value
$3,439,163.79
Net Landlord Cash Flow$343,916.38
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