Peter Fine Leases Retail Space At 1998 2nd Avenue To Gilded Lily Daycare With Brokers Miles Sabbagh & Marc Sitt
LEASED
$75
New York
See Similar DealsRetail5,175 SF
Leased 07/08/2025
LEASED
Peter Fine Leases Retail Space At 1998 2nd Avenue To Gilded Lily Daycare With Brokers Miles Sabbagh & Marc Sitt
1998 2nd Avenue
See Similar DealsRetail5,175 SF
Leased 07/08/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:5,175 SF
Transaction Type:Lease
The retail asset involved in this transaction is located at 1998 2nd Avenue in East Harlem. The property encompasses a total of 5,175 square feet and was leased at an asking rent of $75 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75/ft
- Square Footage: 5,175
- Address: 1998 2nd Avenue
- Market: East Harlem
- Landlord: Peter Fine
- Tenant: Gilded Lily Daycare
- Brokers: Miles Sabbagh & Marc Sitt - KSR
- Lease Type: Retail Lease
The deal was facilitated by brokers Miles Sabbagh and Marc Sitt, who represent the transaction on behalf of KSR. The lease represents a strategic arrangement between the landlord and tenant, indicating active engagement in the East Harlem retail market.
Players
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$444,941.82
Total Lease Value
$4,449,418.16
Net Landlord Cash Flow$444,941.82
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