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Kim Chunyeong Leases Retail Space At 170 Forest Ave Glen Cove For $28/ft

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LEASED
$28

New York

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Retail1,000 SF
Leased 06/18/2024
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Property Image
LEASED

Kim Chunyeong Leases Retail Space At 170 Forest Ave Glen Cove For $28/ft

170 Forest Avenue

See Similar Deals
Retail1,000 SF
Leased 06/18/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$28
Total Square Footage:1,000 SF
Transaction Type:Lease

The retail property located at 170 Forest Avenue in Glen Cove was leased in a transaction involving landlord Stephen Vacaro and tenant Kim Chunyeong. The lease, facilitated by brokers Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista from NY Space Finders, has an asking rent of $28 per square foot for a 1,000 square foot retail space. The lease term is set at 5 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 170 Forest Avenue
  • Market: Glen Cove
  • Landlord: Stephen Vacaro
  • Tenant: Kim Chunyeong
  • Brokers: Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista - NY Space Finders
  • Asking Rent: $28 per square foot
  • Lease Type: Retail Lease
  • Lease Term: 5 years

The deal was successfully negotiated by Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista from NY Space Finders, who represented both the landlord, Stephen Vacaro, and the tenant, Kim Chunyeong, in securing a 5-year lease for the retail space at 170 Forest Avenue in Glen Cove.

Players

Luca DiCiero
151 deals$124.3M volume(347) 242-0353
BROKER

Giuseppe Gregorio
NY Space Finders
51 deals$30.8M volume
BROKER

Nicholas (Nick) Evangelista
NY Space Finders
17 deals$14M volume(516) 385-7725
BROKER

Details

LEASED
IMAGE: Luca DiCiero, Giuseppe Gregorio & Nicholas Evangelista DATE: 06/18/2024 ADDRESS: 170 Forest Avenue MARKET: Glen Cove ASSET TYPE: Retail LANDLORD: Stephen Vacaro TENANT: Kim Chunyeong BROKERS: Luca DiCiero & Giuseppe Gregorio (@GiuseppeGregorio) & Nicholas Evangelista (@NicholasEvangelista_RealEstate) - NY Space Finders (@NYSpaceFinders) ASKING RENT: $28/ft ~ SF: 1,000 LEASE TYPE: Retail Lease LEASE TERM: 5 YEARS

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Deal Type
Effective Rent (Annual)

$32,098.86

Total Lease Value

$320,988.62

Net Landlord Cash Flow$32,098.86