Saks Off 5th Leases 25000 Square Feet At 200 Baychester Ave Bronx With Brian Katz As Tenant's Rep
LEASED
New York
See Similar DealsRetail25,000 SF
Leased 11/01/2016
LEASED
Saks Off 5th Leases 25000 Square Feet At 200 Baychester Ave Bronx With Brian Katz As Tenant's Rep
200 Baychester Ave, Bronx, NY, 10475
See Similar DealsRetail25,000 SF
Leased 11/01/2016
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:25,000 SF
Transaction Type:Lease
A lease has been signed for a commercial property located at 200 Baychester Ave, Bronx, NY, 10475. The space encompasses 25,000 square feet within the Bronx market. This location will establish Saks Off 5th's first presence in the borough.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Saks Off 5th
- Landlord: Prestige Properties & Development
- Tenant's Representative: Brian Katz - Katz & Associates Real Estate Advisors
- Landlord's Representatives: Jerry Welkis and Etan Shalem - Welco Realty
This lease marks a significant expansion for Saks Off 5th as they enter the Bronx, facilitated by the representation of Brian Katz from Katz & Associates. The landlords, Prestige Properties & Development, were repped by Jerry Welkis and Etan Shalem, highlighting a collaborative effort in this transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,432,984.91
Total Lease Value
$14,329,849.14
Net Landlord Cash Flow$1,432,984.91
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