Classic Barber Shop NY INC Leases Retail Space From Solil Management In Midtown East For $175/ft
LEASED
$175
New York
See Similar DealsRetail602 SF
Leased
LEASED
Classic Barber Shop NY INC Leases Retail Space From Solil Management In Midtown East For $175/ft
166 East 44th Street
See Similar DealsRetail602 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$175
Total Square Footage:602 SF
Transaction Type:Lease
The property asset involved in this transaction is located at 166 East 44th Street in the Midtown East market. It is classified as a retail space with an asking rent of $175 per square foot. The total area of the lease is 602 square feet. The lease term agreed upon is 10 years, structured as a modified gross lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $175/ft
- Address: 166 East 44th Street
- Market: Midtown East
- Asset Type: Retail
- Landlord: Solil Management
- Tenant: Classic Barber Shop NY INC
- Tenant's Representative: Ryan Feinstein - Zelnik & Company
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
The key individuals and companies involved in this transaction include Solil Management, the landlord, and Classic Barber Shop NY INC, the tenant. Ryan Feinstein of Zelnik & Company represents the tenant in this leasing deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$120,771.97
Total Lease Value
$1,207,719.69
Net Landlord Cash Flow$120,771.97
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