Dim Sum Palace Leases Retail Space In Midtown West For $125/ft
LEASED
New York
See Similar DealsRetail4,100 SF
Leased 06/11/2020
LEASED
Dim Sum Palace Leases Retail Space In Midtown West For $125/ft
240 West 40th Street, New York, NY 10018
See Similar DealsRetail4,100 SF
Leased 06/11/2020
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:4,100 SF
Transaction Type:Lease
The retail property located at 240 West 40th Street in Midtown West has been leased to Dim Sum Palace. The lease transaction took place on 06/11/2021. The property spans approximately 4,100 square feet and was listed with an asking rent of $125 per square foot.
Summary of transaction details:
- Property Type: Retail
- Tenant: Dim Sum Palace
- Landlord: Sioni Group
- Brokers: Carolina Aziz, David Green & Ike Bibi from Kassin Sabbagh Realty
- Date: 06/11/2021
- Address: 240 West 40th Street
- Market: Midtown West
- Asking Rent: $125/ft.
- Square Footage: 4,100
Carolina Aziz, David Green, and Ike Bibi from Kassin Sabbagh Realty represented the tenant, Dim Sum Palace, in this lease transaction.
Players
LANDLORD
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$235,009.53
Total Lease Value
$2,350,095.26
Net Landlord Cash Flow$235,009.53
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