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Meridian Capital Group Brokers Retail Lease For Que Rico Restaurant In Kips Bay

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LEASED
$120

New York

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Retail1,000 SF
Leased 03/04/2024
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Property Image
LEASED

Meridian Capital Group Brokers Retail Lease For Que Rico Restaurant In Kips Bay

221 East 23rd Street

See Similar Deals
Retail1,000 SF
Leased 03/04/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:1,000 SF
Transaction Type:Lease

The retail property located at 221 East 23rd Street in Kips Bay, Manhattan, was leased by Que Rico Restaurant from Centennial Properties. The deal was facilitated by brokers Ben Biberaj, Elliot Wygoda, and Joseph Khojahiny of Meridian Capital Group. The retail space, spanning 1,000 square feet, was leased at an asking rent of $120 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Landlord: Centennial Properties
  • Tenant: Que Rico Restaurant
  • Brokers: Ben Biberaj, Elliot Wygoda, & Joseph Khojahiny - Meridian Capital Group
  • Address: 221 East 23rd Street
  • Market: Kips Bay, Manhattan
  • Lease Type: Retail Lease
  • Asking Rent: $120/ft
  • SF: 1,000

The collaboration between Centennial Properties and Que Rico Restaurant, with representation from Ben Biberaj, Elliot Wygoda, and Joseph Khojahiny of Meridian Capital Group, resulted in a successful retail lease transaction in the vibrant neighborhood of Kips Bay, Manhattan.

Players

Ben Biberaj
189 deals$26.2M volume(703) 434-1461
BROKER

Elliot Wygoda
Meridian Capital Group
63 deals$5.3M volume
BROKER

Joseph Khojahiny
Meridian Capital Group
12 deals
BROKER

Details

LEASED
IMAGE: Elliot Wygoda, Ben Biberaj & Joseph Khojahiny DATE: 03/04/2024 ADDRESS: 221 East 23rd Street MARKET: Kips Bay, Manhattan ASSET TYPE: Retail LANDLORD: Centennial Properties TENANT: Que Rico Restaurant BROKERS: Ben Biberaj (@BenBibz), Elliot Wygoda (@Elliot_WY) & Joseph Khojahiny - Meridian Capital Group (@Meridian_Retail_Leasing) ASKING RENT: $120/ft ~ SF: 1,000 LEASE TYPE: Retail Lease

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Deal Type
Effective Rent (Annual)

$137,566.55

Total Lease Value

$1,375,665.52

Net Landlord Cash Flow$137,566.55