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Leihan Italian Bakery Leases Retail Space In New York City With Landlord Raj Pipalia And Broker Bruce Herman - Booth Street

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LEASED
$65

New York

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Retail2,200 SF
Leased 04/06/2023
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Property Image
LEASED

Leihan Italian Bakery Leases Retail Space In New York City With Landlord Raj Pipalia And Broker Bruce Herman - Booth Street

304 East 204th Street

See Similar Deals
Retail2,200 SF
Leased 04/06/2023
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$65
Total Square Footage:2,200 SF
Transaction Type:Lease

Raj Pipalia has leased a retail property located at 304 East 204th Street in New York City. The property spans 2,200 square feet and was leased to Leihan Italian Bakery. The leasing deal was facilitated by Bruce Herman from Booth Street. The asking rent for the property was $65 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 304 East 204th Street, New York City
  • Tenant: Leihan Italian Bakery
  • Landlord: Raj Pipalia
  • Broker: Bruce Herman - Booth Street
  • Asking Rent: $65 per square foot

The leasing transaction for the retail property at 304 East 204th Street was successfully closed. Raj Pipalia, the landlord, leased the property to Leihan Italian Bakery. Bruce Herman from Booth Street represented both the landlord and the tenant in the deal. The property, spanning 2,200 square feet, had an asking rent of $65 per square foot.

Players

Bruce Herman
22 deals$41.1M volume
BROKER

Details

LEASED
IMAGE: Bruce Herman DATE: 04/06/2023 ADDRESS: 304 East 204th Street MARKET: New York City ASSET TYPE: Retail LANDLORD: Raj Pipalia TENANT: Leihan Italian Bakery BROKER: Bruce Herman - Booth Street ASKING RENT: $65/ft ~ SF: 2,200

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Deal Type
Effective Rent (Annual)

$163,933.47

Total Lease Value

$1,639,334.74

Net Landlord Cash Flow$163,933.47