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La Pizza Italia III Leases Retail Space At 1109 1st Ave, Lenox Hill

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LEASED
$124

New York

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Retail965 SF
Leased 02/01/2024
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Property Image
LEASED

La Pizza Italia III Leases Retail Space At 1109 1st Ave, Lenox Hill

1109 1st Avenue

See Similar Deals
Retail965 SF
Leased 02/01/2024
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$124
Total Square Footage:965 SF
Transaction Type:Lease

The retail property located at 1109 1st Avenue in Lenox Hill, Manhattan, was recently leased to La Pizza Italia III. The property, owned by PH Realty Capital under 1109 First Ave Owner, features an asking rent of $124 per square foot for a space measuring 970 square feet.

Summary of transaction details:

Joseph Khojahiny from Meridian Capital Group facilitated the leasing deal between the landlord and La Pizza Italia III for the retail space. The transaction, which took place on 02/01/2024, signifies a successful agreement within the Lenox Hill market. While the specific transaction amount was not disclosed, the involvement of key individuals like Peter Hungerford of PH Realty Capital and the tenant, La Pizza Italia III, highlights the significance of this retail lease deal in the Manhattan area.

Players

Joseph Khojahiny
12 deals
BROKER

Details

LEASED
IMAGE: Joseph Khojahiny DATE: 02/01/2024 ADDRESS: 1109 1st Avenue MARKET: Lenox Hill, Manhattan ASSET TYPE: Retail LANDLORD: 1109 First Ave Owner - PH Realty Capital - Peter Hungerford TENANT: La Pizza Italia III BROKER: Joseph Khojahiny - Meridian Capital Group (@Meridian.Capital.Group) ASKING RENT: $124/ft ~ SF: 970 LEASE TYPE: Retail Lease

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Deal Type
Effective Rent (Annual)

$137,176.78

Total Lease Value

$1,371,767.80

Net Landlord Cash Flow$137,176.78