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Treasures Bakery Leases Retail Space On Broadway, Upper West Side For 10 Years

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LEASED
$162

New York

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Retail2,000 SF
Leased
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Property Image
LEASED

Treasures Bakery Leases Retail Space On Broadway, Upper West Side For 10 Years

2394 Broadway

See Similar Deals
Retail2,000 SF
Leased
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$162
Total Square Footage:2000 SF
Transaction Type:Lease

The retail property located at 2394 Broadway in the Upper West Side of Manhattan was leased to Treasures Bakery. The lease, facilitated by brokers Jeremy Banilevi, Cory Zelnik, and Jason Turner from Zelnik & Company, had an asking rent of $162 per square foot for a space measuring 2,000 square feet and a lease term of 10 years under a Modified Gross Lease agreement.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 2394 Broadway
  • Market: Upper West Side, Manhattan
  • Landlord: BLDG Management
  • Tenant: Treasures Bakery
  • Brokers: Jeremy Banilevi, Cory Zelnik, Jason Turner - Zelnik & Company
  • Asking Rent: $162/ft
  • Lease Type: Modified Gross Lease
  • Lease Term: 10 years

Jeremy Banilevi, Cory Zelnik, and Jason Turner of Zelnik & Company played key roles in the lease transaction, representing the landlord, BLDG Management, and the tenant, Treasures Bakery, in securing a long-term lease for the retail space at 2394 Broadway. The assets involved in the deal showcase the vibrant commercial real estate activity in the bustling Upper West Side market of Manhattan.

Players

Cory Zelnik
9 deals$3M volume
BROKER

Jeremy Banilevi
Zelnik & Company
10 deals
BROKER

Details

LEASED
IMAGE: Jeremy Banilevi & Cory Zelnik DATE: 03/27/2024 ADDRESS: 2394 Broadway MARKET: Upper West Side, Manhattan ASSET TYPE: Retail LANDLORD: BLDG Management TENANT: Treasures Bakery BROKERS: Jeremy Banilevi (@JeremyBanilevi1101), Cory Zelnik (@CoryZelnik) & Jason Turner - Zelnik & Company (@ZelnikCo) ASKING RENT: $162/ft ~ SF: 2,000 LEASE TYPE: Modified Gross Lease LEASE TERM: 10 years

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Deal Type
Effective Rent (Annual)

$371,429.69

Total Lease Value

$3,714,296.90

Net Landlord Cash Flow$371,429.69