Pizza Hut Leases Retail Space At 1588 Saint Nicholas Avenue In New York City
LEASED
$100
New York
See Similar DealsRetail1,250 SF
Leased 01/18/2023
LEASED
Pizza Hut Leases Retail Space At 1588 Saint Nicholas Avenue In New York City
1588 Saint Nicholas Avenue
See Similar DealsRetail1,250 SF
Leased 01/18/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$100
Total Square Footage:1,250 SF
Transaction Type:Lease
Pizza Hut has signed a lease agreement for a retail space located at 1588 Saint Nicholas Avenue in New York City. The property, owned by Solar Management, spans 2,500 square feet and was marketed at an asking rent of $100 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 1588 Saint Nicholas Avenue
- Market: New York City
The landlord's representatives, Andrew Stern and Ravi Idnani from Newmark, facilitated the deal on behalf of Solar Management. Pizza Hut was represented in the lease transaction by Bruce Herman from Booth Street.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$143,298.49
Total Lease Value
$1,432,984.91
Net Landlord Cash Flow$143,298.49
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