Rodney Propp Leases Retail Space To Nab Beauty At 1330 5th Avenue In South Harlem
LEASED
$75
New York
See Similar DealsRetail2,500 SF
Leased 04/01/2025
LEASED
Rodney Propp Leases Retail Space To Nab Beauty At 1330 5th Avenue In South Harlem
1330 5th Avenue
See Similar DealsRetail2,500 SF
Leased 04/01/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:2,500 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 1330 5th Avenue in the South Harlem market. The lease type is a Modified Gross Lease with an asking rent of $75 per square foot for a total area of 2,500 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $187,500
- Address: 1330 5th Avenue
- Market: South Harlem
- Landlord: Rodney Propp
- Tenant: Nab Beauty
- Landlord's Representative: Andrew Stern & Ravi Idnani - Newmark
- Tenant's Representative: Elizabeth Martin - E.L. Martin Partners
The key individuals involved in this deal include landlord Rodney Propp and tenant Nab Beauty, with representation provided by Andrew Stern and Ravi Idnani from Newmark for the landlord, while Elizabeth Martin from E.L. Martin Partners represents the tenant in this transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$214,947.74
Total Lease Value
$2,149,477.37
Net Landlord Cash Flow$214,947.74
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