CLPR Leases Retail Space To Aspen Laundromat & 1955 Discount Store At 1955 1st Avenue

The retail property located at 1955 1st Avenue in East Harlem consists of a significant leasing opportunity featuring a total size of 7,622 square feet. The landlord for this transaction is CLPR, while the tenant is Aspen Laundromat & 1955 Discount Store. The asking rent for this retail space is set at $65 per square foot, under a retail lease arrangement.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $65/ft
• Address: 1955 1st Avenue
• Market: East Harlem
• Asset Size: 7,622 SF
• Landlord: CLPR
• Tenant: Aspen Laundromat & 1955 Discount Store
• Brokers: Ravi Idnani, Aric Trakhtenberg & Ross Berkowitz - Newmark
• Lease Type: Retail Lease

Ravi Idnani, Aric Trakhtenberg, and Ross Berkowitz from Newmark represented the landlord in this leasing transaction, facilitating the agreement between CLPR and the tenants who will occupy the space. Additionally, there is a notable leasing opportunity for 4,630 square feet of divisible retail, medical, or restaurant space available at the Aspen Apartments, enhancing the commercial prospects of the area.