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Hampton Market Leases Retail Space At 1998 Second Avenue In East Harlem

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LEASED
$75

New York

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Retail2,500 SF
Leased 03/05/2024
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Property Image
LEASED

Hampton Market Leases Retail Space At 1998 Second Avenue In East Harlem

1998 2nd Avenue

See Similar Deals
Retail2,500 SF
Leased 03/05/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:2,500 SF
Transaction Type:Lease

The retail property located at 1998 Second Avenue in East Harlem was recently leased to Hampton Market. The lease, facilitated by Peter Fine as the landlord and Marc Sitt & Miles Sabbagh from KSR as the landlord's representatives, was negotiated with the assistance of Paul Risoli from CDRE, representing the tenant. The asking rent for the 2,500 square feet space was set at $75 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 1998 Second Avenue
  • Market: East Harlem
  • Landlord: Peter Fine
  • Tenant: Hampton Market
  • Landlord's Rep: Marc Sitt & Miles Sabbagh - KSR
  • Tenant's Rep: Paul Risoli - CDRE
  • Asking Rent: $75/ft
  • Lease Type: Retail Lease

Marc Sitt and Miles Sabbagh from KSR played a significant role as the landlord's representatives, ensuring a successful lease agreement for the retail space. On the other hand, Paul Risoli, representing Hampton Market as the tenant's representative, effectively negotiated the terms of the lease on behalf of the tenant. The collaborative efforts of these key individuals and companies led to the completion of the retail lease transaction in East Harlem.

Players

Marc Sitt
64 deals$272.9M volume(917) 757-8863
BROKER

Miles Sabbagh
Kassin Sabbagh Realty
18 deals
BROKER

Details

LEASED
IMAGE: Marc Sitt & Miles Sabbagh DATE: 03/05/2024 ADDRESS: 1998 Second Avenue MARKET: East Harlem ASSET TYPE: Retail LANDLORD: Peter Fine TENANT: Hampton Market LANDLORD'S REP: Marc Sitt (@Retail.Marc) & Miles Sabbagh (@Miles_Realty) - KSR (@Kassin_Sabbagh_Realty) TENANT'S REP: Paul Risoli - CDRE ASKING RENT: $75/ft ~ SF: 2,500 LEASE TYPE: Retail Lease

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Deal Type
Effective Rent (Annual)

$214,947.74

Total Lease Value

$2,149,477.37

Net Landlord Cash Flow$214,947.74