Joseph Sheena Leases Retail Space To Stretch Zone At 1407 3rd Avenue For $200/ft
LEASED
$200
New York
See Similar DealsRetail1,750 SF
Leased 06/01/2026
LEASED
Joseph Sheena Leases Retail Space To Stretch Zone At 1407 3rd Avenue For $200/ft
1407 Third Avenue
See Similar DealsRetail1,750 SF
Leased 06/01/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$200
Total Square Footage:1,750 SF
Transaction Type:Lease
The asset involved in the lease transaction is a retail space located at 1407 3rd Avenue in the Upper East Side. The asking rent is set at $200 per square foot for a total area of 1,750 square feet. The lease type is categorized as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $350,000
- Address: 1407 3rd Avenue
- Market: Upper East Side
- Landlord: Joseph Sheena
- Tenant: Stretch Zone
- Landlord's Representative: Andrew Stern & Mai Shachi - Newmark
- Tenant's Representative: Evan Schuckman - Ripco
The lease involves landlord Joseph Sheena and tenant Stretch Zone, with representation by Andrew Stern and Mai Shachi from Newmark for the landlord, while Evan Schuckman from Ripco represents the tenant.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$401,235.78
Total Lease Value
$4,012,357.76
Net Landlord Cash Flow$401,235.78
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