Columbia University Leases Retail Space In Bronx From Gideon Asset Management

The asset involved in this transaction is a retail property located at 2598 3rd Avenue in the Bronx. The property was leased to The Trustees of Columbia University by the landlord, Gideon Asset Management. The lease was facilitated by Solomon Sharaby from Kassin Sabbagh Realty. The asking rent for the property was $75 per square foot, and the total square footage of the space is 2,000 square feet.

Summary of transaction details:

• Property Type: Retail
• Tenant: The Trustees of Columbia University
• Landlord: Gideon Asset Management
• Tenant's Representative: Solomon Sharaby - Kassin Sabbagh Realty
• Asking Rent: $75 per square foot
• Total Square Footage: 2,000 square feet

This lease agreement represents a collaboration between The Trustees of Columbia University, who will be utilizing the retail space, and Gideon Asset Management, who owns the property. The negotiation and finalization of the lease was facilitated by Solomon Sharaby from Kassin Sabbagh Realty. This transaction highlights the ongoing commitment of Columbia University to expand its presence in the Bronx's retail market.