Lifetime Pharmacy Signs Ground Lease For Retail Space At 26 West Burnside Avenue In Morris Heights
LEASED
$120
New York
See Similar DealsRetail1,500 SF
Leased 10/01/2023
LEASED
Lifetime Pharmacy Signs Ground Lease For Retail Space At 26 West Burnside Avenue In Morris Heights
26 West Burnside Avenue
See Similar DealsRetail1,500 SF
Leased 10/01/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:1,500 SF
Transaction Type:Lease
Situated in Morris Heights, the property at 26 West Burnside Avenue has recently been leased for retail purposes. The asset encompasses approximately 1,500 square feet, with an asking rent of $120 per square foot. The lease type for this transaction is a ground lease.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 26 West Burnside Avenue
- Market: Morris Heights
The tenant securing this lease is Lifetime Pharmacy. On the other hand, the landlord of the property is Alan Jemal, who represents Jem Realty. The brokers involved in this transaction are Solomon Sharaby and Jack Hamadani from KSR.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$206,349.83
Total Lease Value
$2,063,498.28
Net Landlord Cash Flow$206,349.83
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