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338 Eighth Avenue Retail Leased In Chelsea, Manhattan By Ranger Management And 338 8th Convenience Corp. Brokers: Aaron Aziz & Daniel Levian - Avenue Realty Advisors. Rent: $150/ft

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LEASED
$150

New York

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Retail1,400 SF
Leased 06/10/2023
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Property Image
LEASED

338 Eighth Avenue Retail Leased In Chelsea, Manhattan By Ranger Management And 338 8th Convenience Corp. Brokers: Aaron Aziz & Daniel Levian - Avenue Realty Advisors. Rent: $150/ft

338 8th Ave, New York, NY 10001, United States

See Similar Deals
Retail1,400 SF
Leased 06/10/2023
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$150
Total Square Footage:1,400 SF
Transaction Type:Lease

The retail property located at 338 Eighth Avenue in Chelsea, Manhattan has been leased. The landlord, Ranger Management, has entered into a lease agreement with the tenant, 338 8th Convenience Corp. The transaction was facilitated by brokers Aaron Aziz and Daniel Levian of Avenue Realty Advisors. The retail space has a total square footage of 1,400 square feet. The asking rent for the property is $150 per square foot.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 06/10/2023
  • Address: 338 Eighth Avenue
  • Market: Chelsea, Manhattan
  • Landlord: Ranger Management
  • Tenant: 338 8th Convenience Corp
  • Brokers: Aaron Aziz & Daniel Levian - Avenue Realty Advisors
  • Asking Rent: $150/ft
  • SF: 1,400

The leasing transaction for the retail property at 338 Eighth Avenue was successfully negotiated by Aaron Aziz and Daniel Levian of Avenue Realty Advisors. Ranger Management serves as the landlord for the property, while 338 8th Convenience Corp is the tenant. The retail space, with its prime location in Chelsea, Manhattan, presents an excellent opportunity for the tenant. The lease details, including the square footage and the asking rent, were agreed upon by all parties involved.

Players

Aaron Aziz
47 deals(516) 355-8018
BROKER

Daniel Levian
ARA
5 deals
BROKER

Details

LEASED
IMAGE: Daniel Levian & Aaron Aziz DATE: 06/10/2023 ADDRESS: 338 Eighth Avenue MARKET: Chelsea, Manhattan ASSET TYPE: Retail LANDLORD: Ranger Management TENANT: 338 8th Convenience Corp BROKERS: Aaron Aziz (@AarAziz) & Daniel Levian (@DanielLevian_) - Avenue Realty Advisors ASKING RENT: $150/ft ~ SF: 1,400

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Deal Type
Effective Rent (Annual)

$240,741.47

Total Lease Value

$2,407,414.66

Net Landlord Cash Flow$240,741.47