Gelman Optical Leases Retail Space At 1407 3rd Avenue On Upper East Side
LEASED
$200
New York
See Similar DealsRetail1,250 SF
Leased 04/01/2023
LEASED
Gelman Optical Leases Retail Space At 1407 3rd Avenue On Upper East Side
1407 3rd Avenue
See Similar DealsRetail1,250 SF
Leased 04/01/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$200
Total Square Footage:1,250 SF
Transaction Type:Lease
Located at 1407 3rd Avenue in the Upper East Side, this retail property has recently been leased. The property features a total square footage of 1,250 square feet. The lease transaction was completed on April 1, 2023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Leased
- Asking Rent: $200 per square foot
- Landlord: Joe Sheena
- Tenant: Gelman Optical
- Landlord's Representative: Andrew Stern & Mai Sachi - Newmark
- Tenant's Representative: Joshua Berkun - KSR
Represented by Andrew Stern and Mai Sachi from Newmark, Joe Sheena served as the landlord in this lease transaction. On the other hand, Gelman Optical, represented by Joshua Berkun from KSR, became the tenant of this retail space.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$286,596.98
Total Lease Value
$2,865,969.83
Net Landlord Cash Flow$286,596.98
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