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Terra Mediterrania Secures Long-Term Lease For 4,167 SF Retail Space At 124 Seventh Avenue In Chelsea
LEASED
New York
See Similar DealsRetail4,167 SF
Leased 08/23/2023
LEASED
Terra Mediterrania Secures Long-Term Lease For 4,167 SF Retail Space At 124 Seventh Avenue In Chelsea
124 Seventh Avenue New York, New York 10011, USA
See Similar DealsRetail4,167 SF
Leased 08/23/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:4,167 SF
Transaction Type:Lease
Terra Mediterrania has secured a long-term lease for the entire building at 124 Seventh Avenue in Chelsea, Manhattan. The property is a retail space with a size of 4,167 square feet. The lease was signed with HUBB NYC as the landlord.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 124 Seventh Avenue, Chelsea, Manhattan
- Market: Chelsea, Manhattan
- Square Footage: 4,167
- Landlord: HUBB NYC
- Tenant: Terra Mediterrania
- Broker: Ariel Schuster, Darrell Rubens, and Ross Berkowitz - Newmark
The deal was facilitated by brokers Ariel Schuster, Darrell Rubens, and Ross Berkowitz from Newmark. They played a pivotal role in bringing together the landlord, HUBB NYC, and the tenant, Terra Mediterrania, for this lease agreement at 124 Seventh Avenue in Chelsea.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$238,849.93
Total Lease Value
$2,388,499.25
Net Landlord Cash Flow$238,849.93
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