Fraydun Manocherian Leases Retail Space To PS Network At 1433 York Avenue In Lenox Hill
LEASED
$76
New York
See Similar DealsRetail13,176 SF
Leased 06/30/2025
LEASED
Fraydun Manocherian Leases Retail Space To PS Network At 1433 York Avenue In Lenox Hill
1433 York Avenue
See Similar DealsRetail13,176 SF
Leased 06/30/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$76
Total Square Footage:13,176 SF
Transaction Type:Lease
The retail asset located at 1433 York Avenue in the Lenox Hill neighborhood of Manhattan has a total square footage of 13,176. The lease for this property was signed at an asking rent of $76 per square foot. The lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $76/ft
- Square Footage: 13,176
- Address: 1433 York Avenue
- Market: Lenox Hill, Manhattan
- Landlord: Fraydun Manocherian
- Tenant: PS Network
- Tenant's Representatives: Noam Aziz & Aaron Harounian - Meridian Capital Group
The representation for the tenant in this transaction was handled by Noam Aziz and Aaron Harounian from Meridian Capital Group, ensuring the tenant’s interests were represented in the leasing process. This involvement highlights the key players facilitating the agreement for this retail space.
Players
BROKERAGE
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,147,965.36
Total Lease Value
$11,479,653.61
Net Landlord Cash Flow$1,147,965.36
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