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Columbia University Leases Retail Space In Bronx From Gideon Asset Management

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LEASED

New York

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Retail2,000 SF
Leased 01/01/2021
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LEASED

Columbia University Leases Retail Space In Bronx From Gideon Asset Management

2598 3rd Avenue, Bronx, NY, USA

See Similar Deals
Retail2,000 SF
Leased 01/01/2021
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Summary

NEW YORK
Asset Type:Retail
Total Square Footage:2,000 SF
Transaction Type:Lease

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.

Players

Solomon Sharaby
98 deals$3M volume
BROKER

Gideon Asset Management
LANDLORD

Details

LEASED
IMAGE: Sharaby (@Sollo95) DATE: 01/01/2021 ADDRESS: 2598 3rd Avenue MARKET: Bronx ASSET TYPE: Retail TENANT: The Trustees of Columbia University LANDLORD: Gideon Asset Management BROKER: Solomon Sharaby @Kassin_Sabbagh_Realty ASKING RENT: $75/ft. ~ SF: 2,000

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Deal Type
Effective Rent (Annual)

$114,638.79

Total Lease Value

$1,146,387.93

Net Landlord Cash Flow$114,638.79