Clem Saad Leases Retail Space At 2825 Third Avenue To Equidy Medical For 15 Years

The transaction involves a retail lease at 2825 Third Avenue in the Bronx, with a leased square footage of 12,000. The asking rent for this property was set at $40 per square foot. The lease is structured as a Modified Gross Lease with a term of 15 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $40/ft
• Lease Term: 15 Years
• Lease Type: Modified Gross Lease
• Landlord: Clem Saad
• Tenant: Equidy Medical
• Landlord's Representative: Rick Stassa - Emerald Commercial Properties
• Tenant's Representative: Joey Kafif - Safdie Realty Group

Joey Kafif from Safdie Realty Group specializes in landlord and tenant representation across New York City, specifically in Brooklyn, Bronx, Manhattan, Queens, and Staten Island. The firm provides expert assistance for leasing spaces and finding ideal locations for clients.