Laundry Mart Signs 25-Year Lease For Retail Space In Throggs Neck, Bronx
LEASED
$22
New York
See Similar DealsRetail6,050 SF
Leased 06/02/2023
LEASED
Laundry Mart Signs 25-Year Lease For Retail Space In Throggs Neck, Bronx
2883 Miles Ave Bronx, NY 10465, USA
See Similar DealsRetail6,050 SF
Leased 06/02/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$22
Total Square Footage:6,050 SF
Transaction Type:Lease
The retail property located at 2883 Miles Avenue in Throggs Neck, Bronx has been leased. The asset spans approximately 6,050 square feet and the lease term is for 25 years. The tenant for this property is Laundry Mart.
Summary of transaction details
- Property Type: Retail
- Address: 2883 Miles Avenue, Throggs Neck, Bronx
- Tenant: Laundry Mart
- Lease Term: 25 years
The lease deal was facilitated by brokers Epifanio Vargas and Michael Gilbert of Gilco Realty. They represented the tenant, Laundry Mart, in this transaction.
The asking rent for this property was $22 per square foot, resulting in a total lease value of approximately $133,100 per year.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$152,584.23
Total Lease Value
$1,525,842.34
Net Landlord Cash Flow$152,584.23
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