Steven Chera Leases Retail Space To Fromytt Clothing At 231 East 167th Street
LEASED
$75
New York
See Similar DealsRetail1,500 SF
Leased 04/01/2025
LEASED
Steven Chera Leases Retail Space To Fromytt Clothing At 231 East 167th Street
231 East 167th Street
See Similar DealsRetail1,500 SF
Leased 04/01/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:1,500 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 231 East 167th Street in the Concourse Village market. The total square footage of the space is 1,500, with an asking rent of $75 per square foot, making it a notable retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $112,500
- Landlord: Steven Chera
- Tenant: Fromytt Clothing
- Lease Type: Retail Lease
- Brokers: Solomon Sharaby & Nathan Ades - KSR
This lease transaction involves Solomon Sharaby and Nathan Ades representing the landlord, Steven Chera, while the tenant, Fromytt Clothing, is entering into this retail lease agreement. The brokerage firm KSR facilitated the negotiations, successfully securing the lease for the tenant in the competitive retail market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$128,968.64
Total Lease Value
$1,289,686.42
Net Landlord Cash Flow$128,968.64
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