Nicholas Estates Leases Retail Space To Cafe By The Girls At 203 7th Avenue
LEASED
$162
New York
See Similar DealsRetail1,050 SF
Leased 10/11/2024
LEASED
Nicholas Estates Leases Retail Space To Cafe By The Girls At 203 7th Avenue
203 7th Avenue
See Similar DealsRetail1,050 SF
Leased 10/11/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$162
Total Square Footage:1,050 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 203 7th Avenue in the Park Slope market. The asking rent for this 1,050 square foot property is $162 per square foot. The lease type is specified as a retail lease, indicating the property's intended use in the commercial market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $162/ft
- Lease Size: 1,050 SF
- Landlord: Nicholas Estates
- Tenant: Cafe By The Girls
- Brokers: Ori Melloul & Dorel Melloul - KSR
- Date of transaction: 10/11/2024
The deal involves Nicholas Estates as the landlord and Cafe By The Girls as the tenant, with Ori Melloul and Dorel Melloul from KSR representing the landlords in this retail lease transaction. The transaction highlights the active leasing market in the Park Slope area, with the property being well-suited for commercial enterprise.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$195,000.59
Total Lease Value
$1,950,005.87
Net Landlord Cash Flow$195,000.59
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