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Gitana Realty Signs Ground Lease For Retail Space In Washington Heights At 1273 St Nicholas Ave

Property Image
LEASED
$100

New York

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Retail1,200 SF
Leased 10/31/2023
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Property Image
LEASED

Gitana Realty Signs Ground Lease For Retail Space In Washington Heights At 1273 St Nicholas Ave

1273 Saint Nicholas Avenue

See Similar Deals
Retail1,200 SF
Leased 10/31/2023
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$100
Total Square Footage:1,200 SF
Transaction Type:Lease

The retail property located at 1273 St Nicholas Avenue in Washington Heights has been leased in a ground lease transaction. The property, measuring 1,200 square feet, was leased by Gitana Realty from the landlord, Bronstein Properties. The lease was facilitated by brokers Jack Hamadani and Joshua Berkun from KSR. The asking rent for the property was $100 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Address: 1273 St Nicholas Avenue, Washington Heights
  • Market: Washington Heights
  • Lease Type: Ground Lease
  • Landlord: Bronstein Properties
  • Tenant: Gitana Realty
  • Brokers: Jack Hamadani & Joshua Berkun - KSR
  • Asking Rent: $100 per square foot

The leasing transaction was handled by brokers Jack Hamadani and Joshua Berkun from KSR. They represented both the landlord, Bronstein Properties, and the tenant, Gitana Realty, in the deal.

Players

Joshua Berkun
12 deals$3.3M volume(516) 459-9251
BROKER


LANDLORD

Details

LEASED
IMAGE: Jack Hamadani & Joshua Berkun DATE: 10/31/2023 ADDRESS: 1273 St Nicholas Avenue MARKET: Washington Heights ASSET TYPE: Retail LANDLORD: Bronstein Properties TENANT: Gitana Realty BROKERS: Jack Hamadani (@JackHamadani) & Joshua Berkun - KSR (@Kassin_Sabbagh_Realty) ASKING RENT: $100/ft ~ SF: 1,200 LEASE TYPE: Ground Lease

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Deal Type
Effective Rent (Annual)

$137,566.55

Total Lease Value

$1,375,665.52

Net Landlord Cash Flow$137,566.55