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Shah's Halal Leases Retail Space At 179 Madison Avenue In Midtown East For $150/SF

Property Image
LEASED
$150
Ike Bibi
David Sabbagh
+ 2

New York

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Retail2,000 SF
Leased 08/22/2024
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Property Image
LEASED

Shah's Halal Leases Retail Space At 179 Madison Avenue In Midtown East For $150/SF

179 Madison Avenue

See Similar Deals
Retail2,000 SF
Leased 08/22/2024
Ike Bibi
David Sabbagh
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$150
Total Square Footage:2,000 SF
Transaction Type:Lease

The retail asset at 179 Madison Avenue is located in the Midtown East market. This property was leased for an asking rent of $150 per foot, encompassing a total area of 2,000 square feet. The lease type is categorized as a Retail Lease.

Summary of transation details:

Shah's Halal is in the process of expanding its presence in Manhattan, actively seeking second-generation quick-service restaurant (QSR) spaces ranging from 1,000 to 2,000 square feet. Parties interested in potential sites are encouraged to contact David Sabbagh and David Green.

Players

David Sabbagh
59 deals(646) 784-7735
BROKER

Ike Bibi
Kassin Sabbagh Realty
124 deals$274.3M volume(347) 417-2860
BROKER

Carolina Aziz
Kassin Sabbagh Realty
95 deals$24.8M volume(516) 640-6961
BROKER

David Green
Kassin Sabbagh Realty
176 deals$447M volume(516) 320-0260
BROKER

Details

LEASED
IMAGE: Maddy Soffer, Carolina Aziz, Ike Bibi, David Sabbagh & David Green DATE: 08/22/2024 ADDRESS: 179 Madison Avenue MARKET: Midtown East ASSET TYPE: Retail TENANT: Shah's Halal BROKERS: Maddy Soffer (@MaddySoffer), Carolina Aziz (@CarolinaAziz), Ike Bibi (@IkeB), David Sabbagh (@DSabbagh1) & David Green (@DavidstGreen) - KSR (@Kassin_Sabbagh_Realty) ASKING RENT: $150/ft ~ SF: 2,000 LEASE TYPE: Retail Lease NOTE FROM BROKER: Shah’s Halal is looking to expand in Manhattan. Seeking 2nd generation QSR spaces ranging from 1,000-2,000 SF. Please reach out to David Sabbagh and David Green with any sites that can work.

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Deal Type
Effective Rent (Annual)

$343,916.38

Total Lease Value

$3,439,163.79

Net Landlord Cash Flow$343,916.38