Bright Beginnings Signs Lease For Retail Space At 1998 Second Avenue In East Harlem
LEASED
$75
New York
See Similar DealsRetail7,525 SF
Leased 12/20/2023
LEASED
Bright Beginnings Signs Lease For Retail Space At 1998 Second Avenue In East Harlem
1998 2nd Avenue
See Similar DealsRetail7,525 SF
Leased 12/20/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:7,525 SF
Transaction Type:Lease
The retail property located at 1998 Second Avenue in East Harlem has been leased. The landlord, Peter Fine, has entered into an agreement with Bright Beginnings, the tenant, for this retail space. The leasing transaction was facilitated by brokers Marc Sitt and Miles Sabbagh of KSR. The property offers a total square footage of 7,525 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 1998 Second Avenue
- Market: East Harlem
- Landlord: Peter Fine
- Tenant: Bright Beginnings
- Brokers: Marc Sitt & Miles Sabbagh - KSR
- Asking Rent: $75/ft
- Square Footage: 7,525
The deal was successfully facilitated by Marc Sitt and Miles Sabbagh from KSR, who represented their respective clients. This leasing agreement presents an opportunity for Bright Beginnings to establish their presence in the East Harlem market, under the ownership of landlord Peter Fine.
Players
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$646,992.69
Total Lease Value
$6,469,926.89
Net Landlord Cash Flow$646,992.69
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