Beijing Hot Pot Leases Retail Space At 167 1st Avenue In East Village With Isaac Abed's Representation
LEASED
$142
New York
See Similar DealsRetail2,200 SF
Leased 11/25/2024
LEASED
Beijing Hot Pot Leases Retail Space At 167 1st Avenue In East Village With Isaac Abed's Representation
167 1st Avenue
See Similar DealsRetail2,200 SF
Leased 11/25/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$142
Total Square Footage:2,200 SF
Transaction Type:Lease
The property asset involved in the transaction is a retail space located at 167 1st Avenue in the East Village market. The asset has a total square footage of 2,200 and is leased under a Modified Gross Lease with an asking rent of $142 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $142/ft
- Address: 167 1st Avenue
- Market: East Village
- Landlord: Davean Holdings
- Tenant: Beijing Hot Pot
- Landlord's Representative: Isaac Abed - Tri State Commercial Realty
- Tenant's Representative: Glen Wu
The individuals involved in this lease agreement include Davean Holdings as the landlord, which is represented by Isaac Abed from Tri State Commercial Realty. The tenant, Beijing Hot Pot, has Glen Wu acting as its representative in this deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$358,131.59
Total Lease Value
$3,581,315.90
Net Landlord Cash Flow$358,131.59
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