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Avo Signs Retail Lease At 120 West 56th Street In Midtown Manhattan With Landlord JP Morgan Chase

Property Image
LEASED
$140
George Skaliarinis
Matthew Fogel
+ 1

New York

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Retail1,291 SF
Leased 09/14/2023
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Property Image
LEASED

Avo Signs Retail Lease At 120 West 56th Street In Midtown Manhattan With Landlord JP Morgan Chase

120 West 56th Street

See Similar Deals
Retail1,291 SF
Leased 09/14/2023
George Skaliarinis
Matthew Fogel
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$140
Total Square Footage:1,291 SF
Transaction Type:Lease

The retail property located at 120 West 56th Street in Midtown Manhattan has been leased. The property, measuring 1,291 square feet, was leased by tenant Avo. The lease was facilitated by George Skaliarinis and Matthew Fogel from KSR, acting as the tenant's representatives. The retail lease was negotiated with an asking rent of $140 per square foot.

Summary of transaction details:

The lease negotiation involved George Skaliarinis and Matthew Fogel from KSR, representing the tenant, Avo. On the other side, Henry Rossignol and Anthony Stanford from CBRE acted as the landlord's representatives, representing JP Morgan Chase. The deal successfully concluded with an agreement on an asking rent of $140 per square foot for the 1,291 square feet retail space at 120 West 56th Street.

Players

Henry Rossignol
10 deals(212) 984-6644
BROKER


George Skaliarinis
Kassin Sabbagh Realty
53 deals$7M volume
BROKER

Anthony Stanford
CBRE
6 deals
BROKER

J.P. Morgan Chase
LENDER

Details

LEASED
IMAGE: IMAGE: George Skaliarinis & Matthew Fogel DATE: 09/14/2023 ADDRESS: 120 West 56th Street MARKET: Midtown Manhattan ASSET TYPE: Retail LANDLORD: JP Morgan Chase TENANT: Avo LANDLORD'S REP: Henry Rossignol & Anthony Stanford - CBRE TENANT'S REP: George Skaliarinis & Matthew Fogel - KSR ASKING RENT: $140/ft ~ SF: 1,291 LEASE TYPE: Retail Lease

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Deal Type
Effective Rent (Annual)

$207,198.15

Total Lease Value

$2,071,981.55

Net Landlord Cash Flow$207,198.15