Walgreens Leases Retail Space To Forman Discounts At 1111 Pennsylvania Avenue East New York
LEASED
$40
New York
See Similar DealsRetail9,836 SF
Leased 07/16/2025
LEASED
Walgreens Leases Retail Space To Forman Discounts At 1111 Pennsylvania Avenue East New York
1111 Pennsylvania Avenue
See Similar DealsRetail9,836 SF
Leased 07/16/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$40
Total Square Footage:9,836 SF
Transaction Type:Lease
Retail property at 1111 Pennsylvania Avenue in the East New York market comprises 9,836 square feet with an asking rent of $40 per square foot under a Retail Lease. The space is occupied by Forman Discounts as the tenant and Walgreens as the landlord.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $40 per ft²
- Total Square Footage: 9,836 SF
- Address: 1111 Pennsylvania Avenue
- Market: East New York
- Landlord: Walgreens
- Tenant: Forman Discounts
- Brokers: Nathan Aballi - KSR; Miles Sabbagh - KSR
- Lease Type: Retail Lease
- Date: 7/16/2025
The deal was led by Nathan Aballi and Miles Sabbagh of KSR as brokers, representing the landlord and tenant in the retail lease at 1111 Pennsylvania Avenue in East New York. Their collaboration highlights ongoing retail activity in this market.
Players
BROKERAGE
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$451,034.87
Total Lease Value
$4,510,348.68
Net Landlord Cash Flow$451,034.87
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