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ZG Capital Partners Leases Retail Space To The Herbal Care At 1412 Lexington Avenue On Upper East Side

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LEASED
$100

New York

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Retail
Leased 01/02/2024
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LEASED

ZG Capital Partners Leases Retail Space To The Herbal Care At 1412 Lexington Avenue On Upper East Side

1412 Lexington Avenue

See Similar Deals
Retail
Leased 01/02/2024
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Summary

NEW YORK
Asset Type:Retail
Transaction Type:Lease

ZG Capital Partners has completed a retail lease transaction on the Upper East Side of Manhattan. The property, located at 1412 Lexington Avenue, spans 2,700 square feet and was leased to The Herbal Care. The lease was negotiated by Kevin Bisconti and Max Kemp from Meridian Capital Group, representing the landlord, ZG Capital Partners. Abraham Smouha from RJB Real Estate represented The Herbal Care as their tenant's representative.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $100/ft
  • Square Footage: 2,700
  • Address: 1412 Lexington Avenue
  • Market: Upper East Side

The key individuals and companies involved in this deal were Kevin Bisconti, Max Kemp, and Abraham Smouha. Kevin Bisconti and Max Kemp, representing Meridian Capital Group, acted as the landlord's representatives for ZG Capital Partners. Abraham Smouha served as the tenant's representative for The Herbal Care, negotiating the lease terms on their behalf.

Players

Kevin Bisconti
48 deals
BROKER

Max Kemp
Meridian Capital Group
3 deals(212) 468-5969
BROKER

Abraham (Abe) Smouha
RJBRE
12 deals
BROKER

Capital Partners
LANDLORD

Details

LEASED
IMAGE: Max Kemp, Kevin Bisconti & Abraham Smouha DATE: 01/02/2024 ADDRESS: 1412 Lexington Avenue MARKET: Upper East Side ASSET TYPE: Retail LANDLORD: ZG Capital Partners TENANT: The Herbal Care LANDLORD'S REP: Kevin Bisconti (@K_Bisconti) & Max Kemp - Meridian Capital Group (@Meridian.Capital.Group) TENANT'S REP: Abraham Smouha (@Abe_Smouha) - RJB Real Estate (@RJBRE_) ASKING RENT: $100/ft ~ SF: 2,700 LEASE TYPE: Retail Lease

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Deal Type
Effective Rent (Annual)

$1,146,387.93

Total Lease Value

$11,463,879.31

Net Landlord Cash Flow$1,146,387.93