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Fred Astaire Dance Studio Leases Retail Space From Kamran Hakim In Upper East Side

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LEASED
$120

New York

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Retail2,500 SF
Leased 04/24/2024
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Property Image
LEASED

Fred Astaire Dance Studio Leases Retail Space From Kamran Hakim In Upper East Side

1402 Lexington Avenue

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Retail2,500 SF
Leased 04/24/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:2,500 SF
Transaction Type:Lease

The retail property located at 1402 Lexington Avenue in the Upper East Side has been leased to Fred Astaire Dance Studio. The property spans 2,500 square feet with an asking rent of $120 per square foot. The lease was finalized on 04/24/2024, with Kamran Hakim serving as the landlord.

Summary of transaction details:

Claude Kolb, Jeff Geoghegan, and Gui Tepedino played key roles in facilitating the lease agreement. Kolb and Geoghegan acted as the tenant's representatives on behalf of KSR, while Tepedino represented the landlord, Kamran Hakim, through Capstreet Advisors. The transaction underlines the collaborative efforts of these professionals in securing the lease agreement for the retail space.

Players

Claude Kolb
39 deals(917) 656-5304
BROKER


Details

LEASED
IMAGE: Claude Kolb & Jeff Geoghegan DATE: 04/24/2024 ADDRESS: 1402 Lexington Avenue MARKET: Upper East Side ASSET TYPE: Retail TENANT: Fred Astaire Dance Studio LANDLORD: Kamran Hakim TENANT'S REP: Claude Kolb (@KolbClaude) & Jeff Geoghegan (@JetGuyNYC) - KSR (@Kassin_Sabbagh_Realty) LANDLORD'S REP: Gui Tepedino - Capstreet Advisors ASKING RENT: $120/ft ~ SF: 2,500 LEASE TYPE: Retail Lease

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Deal Type
Effective Rent (Annual)

$343,916.38

Total Lease Value

$3,439,163.79

Net Landlord Cash Flow$343,916.38