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Pastafina Pizza Signs Lease For Retail Space At 347 3rd Avenue In Kips Bay

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LEASED

New York

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Retail750 SF
Leased 11/15/2020
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LEASED

Pastafina Pizza Signs Lease For Retail Space At 347 3rd Avenue In Kips Bay

347 3rd Avenue, Manhattan, New York, NY, USA

See Similar Deals
Retail750 SF
Leased 11/15/2020
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Summary

NEW YORK
Asset Type:Retail
Total Square Footage:750 SF
Transaction Type:Lease

347 3rd Avenue, located in the Kips Bay market, has been leased for retail use. The property was leased to Pastafina Pizza by landlord Empire Management NYC. The lease deal was brokered by Michael Segerman of Dynamik Real Estate Group, representing the tenant. The lease transaction took place on November 15, 2020. The retail space spans approximately 750 square feet and the asking rent was $144 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Address: 347 3rd Avenue
  • Market: Kips Bay
  • Tenant: Pastafina Pizza
  • Landlord: Empire Management NYC
  • Broker: Michael Segerman - Dynamik Real Estate Group
  • Lease Date: November 15, 2020
  • Asking Rent: $144 per square foot
  • Square Footage: 750

The deal involved the lease of a retail space at 347 3rd Avenue. Pastafina Pizza will operate their business at this location as the new tenant. Empire Management NYC, the landlord, facilitated the lease agreement. Michael Segerman of Dynamik Real Estate Group represented Pastafina Pizza in the deal as their broker.

Players

Michael Segerman
27 deals$8.6M volume(516) 297-3337
BROKER

Empire Management
LANDLORD

Details

LEASED
IMAGE: Segerman DATE: 11/15/2020 ADDRESS: 347 3rd Avenue MARKET: Kips Bay ASSET TYPE: Retail TENANT: Pastafina Pizza LANDLORD: @EmpireManagementNYC BROKER: Michael Segerman @SegerCruz - Dynamik Real Estate Group @DynamikRealEstate ASKING RENT: $144/ft. ~ SF: 750

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Deal Type
Effective Rent (Annual)

$42,989.55

Total Lease Value

$429,895.47

Net Landlord Cash Flow$42,989.55