Rodney Propp Leases Retail Space At 1325 5th Avenue To K-Street Food For $65/ft
LEASED
$65
New York
See Similar DealsRetail991 SF
Leased
LEASED
Rodney Propp Leases Retail Space At 1325 5th Avenue To K-Street Food For $65/ft
1325 5th Avenue
See Similar DealsRetail991 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$65
Total Square Footage:991 SF
Transaction Type:Lease
This retail asset, located at 1325 5th Avenue in the South Harlem market, has an asking rent of $65 per square foot for a total of 991 square feet. The property is under a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $65/ft
- Address: 1325 5th Avenue
- Market: South Harlem
- Lease Type: Modified Gross Lease
- Landlord: Rodney Propp
- Tenant: K-Street Food
- Landlord's Rep: Noam Aziz & Dane Harlowe - Meridian Capital Group
- Tenant's Rep: Kevin Bisconti - Meridian Capital Group
- Square Footage: 991
Noam Aziz and Dane Harlowe represented the landlord, Rodney Propp, while Kevin Bisconti acted on behalf of the tenant, K-Street Food, all from Meridian Capital Group. The lease transaction reflects the strategic partnership between the involved parties in the retail space market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$74,287.65
Total Lease Value
$742,876.46
Net Landlord Cash Flow$74,287.65
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