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Pizza Hut Leases Retail Space At 1911 3rd Avenue In New York City

Property Image
LEASED
$90

New York

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Retail2,700 SF
Leased 07/17/2023
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Property Image
LEASED

Pizza Hut Leases Retail Space At 1911 3rd Avenue In New York City

1911 Third Ave Bronx, NY 10454, USA

See Similar Deals
Retail2,700 SF
Leased 07/17/2023
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$90
Total Square Footage:2,700 SF
Transaction Type:Lease

The retail property located at 1911 3rd Avenue in New York City has been leased. The property, spanning 2,700 square feet, was leased by Pizza Hut. The landlord for this transaction is ISJ Management, represented by David J. Jemal. The broker involved in this lease agreement is Bruce Herman of Booth Street. The asking rent for this retail space was set at $90 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 1911 3rd Avenue, New York City
  • Tenant: Pizza Hut
  • Landlord: ISJ Management - David J. Jemal
  • Broker: Bruce Herman - Booth Street
  • Asking Rent: $90 per square foot
  • Square Footage: 2,700

Bruce Herman, the broker from Booth Street, facilitated the lease transaction between Pizza Hut and ISJ Management. This deal highlights the collaboration between the tenant, landlord, and broker, as they came together to negotiate the terms of the lease agreement for the retail space located at 1911 3rd Avenue in New York City.

Players

Bruce Herman
22 deals$41.1M volume
BROKER

Pizza Hut
TENANT

Details

LEASED
IMAGE: Bruce Herman DATE: 07/17/2023 ADDRESS: 1911 3rd Avenue MARKET: New York City ASSET TYPE: Retail LANDLORD: ISJ Magmement - David J. Jemal TENANT: Pizza Hut (@PizzaHut) BROKER: Bruce Herman - Booth Street (@Booth_Street) ASKING RENT: $90/ft ~ SF: 2,700

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Deal Type
Effective Rent (Annual)

$278,572.27

Total Lease Value

$2,785,722.67

Net Landlord Cash Flow$278,572.27