Fuwa Fuwa Signs Ground Lease For Retail Space In East Village, Manhattan
LEASED
$125
+ 1
New York
See Similar DealsRetail2,300 SF
Leased 10/01/2023
LEASED
Fuwa Fuwa Signs Ground Lease For Retail Space In East Village, Manhattan
153 1st Avenue
See Similar DealsRetail2,300 SF
Leased 10/01/2023
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$125
Total Square Footage:2,300 SF
Transaction Type:Lease
A ground lease for a retail property has been signed at 153 1st Avenue in the East Village neighborhood of Manhattan. The property spans 2,300 square feet and has an asking rent of $125 per square foot.
Summary of transaction details
- Property Type: Retail
- Address: 153 1st Avenue
- Market: East Village, Manhattan
- Asking Rent: $125/ft
- Square Footage: 2,300
The ground lease deal was negotiated between the landlord, Jonah Kriger, and the tenant, Fuwa Fuwa. The brokers representing both parties were Solomon Sharaby, Nathan Aballi, and Samuel Chera from KSR.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$329,586.53
Total Lease Value
$3,295,865.30
Net Landlord Cash Flow$329,586.53
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