Tower Hill's Sumrah Sheikh Leases Retail Space To Easy Shopping At 2231 3rd Avenue
LEASED
$23
New York
See Similar DealsRetail14,666 SF
Leased
LEASED
Tower Hill's Sumrah Sheikh Leases Retail Space To Easy Shopping At 2231 3rd Avenue
2231 3rd Avenue
See Similar DealsRetail14,666 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$23
Total Square Footage:14666 SF
Transaction Type:Lease
The property asset involved in the transaction is a retail space located at 2231 3rd Avenue in East Harlem. The asking rent for the space is $23 per square foot, encompassing a total area of 14,666 square feet. The lease type is categorized as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23/ft
- Address: 2231 3rd Avenue
- Market: East Harlem
- Lease Type: Single Net Lease
- Landlord: Tower Hill - Sumrah Sheikh
- Tenant: Easy Shopping
- Brokers: James Famularo, Bobby Ortense & Cory Rywalt - Meridian Capital Group
The transaction involves key representatives in the leasing process. The landlords, Tower Hill, are represented by Sumrah Sheikh, while the brokerage firm Meridian Capital Group facilitated the lease with the combined efforts of brokers James Famularo, Bobby Ortense, and Cory Rywalt.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$386,697.28
Total Lease Value
$3,866,972.84
Net Landlord Cash Flow$386,697.28
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