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International Burgers Signs Modified Gross Lease At 311 East 45th Street In Manhattan

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LEASED
$100

New York

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Retail1,600 SF
Leased 01/19/2024
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Property Image
LEASED

International Burgers Signs Modified Gross Lease At 311 East 45th Street In Manhattan

311 East 45th Street

See Similar Deals
Retail1,600 SF
Leased 01/19/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$100
Total Square Footage:1,600 SF
Transaction Type:Lease

The retail property located at 311 East 45th Street in Manhattan was leased in a Modified Gross Lease agreement. The property spans 1,600 square feet with an asking rent of $100 per square foot. The landlord, TF Cornerstone, secured International Burgers as the tenant for this commercial space.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Landlord: TF Cornerstone
  • Tenant: International Burgers
  • Landlord's Rep: Daniyel Cohen & Thomas Galo - Winick Realty Group
  • Tenant's Rep: Joshua Sarraf - Avenue Realty Advisors

In this lease deal, the tenant, International Burgers, was represented by Joshua Sarraf from Avenue Realty Advisors. On the other side, TF Cornerstone was represented by Daniyel Cohen and Thomas Galo of Winick Realty Group. Additionally, there was a note provided by the tenant's representative stating that in this particular lease, the tenant was represented by ARA and the owner was represented by Thomas Galo & Daniyel Cohen of Tower Brokerage.

Players

Josh Sarraf
17 deals(516) 660-7266
BROKER

Daniyel Cohen
RTL Real Estate
9 deals
BROKER

Details

LEASED
IMAGE: Joshua Sarraf, Thomas Galo & Daniyel Cohen DATE: 01/19/2024 ADDRESS: 311 East 45th Street MARKET: Manhattan ASSET TYPE: Retail LANDLORD: TF Cornerstone (@TFCornerstone) TENANT: International Burgers LANDLORD'S REP: Daniyel Cohen & Thomas Galo - Winick Realty Group (@WinickRealty) TENANT'S REP: Joshua Sarraf (@JoshSarraf) - Avenue Realty Advisors (@ARANYC_) ASKING RENT: $100/ft ~ SF: 1,600 LEASE TYPE: Modified Gross Lease NOTE FROM TENANT'S REP: In this particular lease, the tenant was represented by ARA. The owner was represented by Thomas Galo & Daniyel Cohen of Tower Brokerage. If you are an owner looking to lease your vacant commercial space or a tenant looking to open a new or additional commercial space, please reach out and one of our leasing specialists will advise you accordingly. Website: www.aranyc.com Instagram: @aranyc_ Interested in joining the ARA Team? Reach Out Today! https://www.aranyc.com/contact

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Deal Type
Effective Rent (Annual)

$183,422.07

Total Lease Value

$1,834,220.69

Net Landlord Cash Flow$183,422.07