Lightstone Group Leases Retail Space To Dim Sum Palace In Upper West Side For $200/ft
LEASED
$200
New York
See Similar DealsRetail1,500 SF
Leased 05/15/2025
LEASED
Lightstone Group Leases Retail Space To Dim Sum Palace In Upper West Side For $200/ft
2485 Broadway
See Similar DealsRetail1,500 SF
Leased 05/15/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$200
Total Square Footage:1,500 SF
Transaction Type:Lease
The asset involved in this transaction is a retail space located at 2485 Broadway in the Upper West Side market. The space encompasses 1,500 square feet and the asking rent was set at $200 per foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $200/ft
- Address: 2485 Broadway
- Market: Upper West Side
- Lease Type: Retail Lease
- Landlord: Ariel Feldhamer - Lightstone Group
- Tenant: Dim Sum Palace
- Brokers: Albert Salameh, David Green & David Sabbagh - KSR
This leasing transaction was facilitated by brokers Albert Salameh, David Green, and David Sabbagh, all representing KSR. The involvement of these brokers was crucial in connecting the landlord, Lightstone Group, with the tenant, Dim Sum Palace.
Players
LANDLORD
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$343,916.38
Total Lease Value
$3,439,163.79
Net Landlord Cash Flow$343,916.38
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