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Le Petit Parisien Leases Retail Space At 355 East 78th Street On Upper East Side

Property Image
LEASED
Stephen (Steve) Weber
George Skaliarinis
+ 2

New York

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Retail1,600 SF
Leased 05/19/2022
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Property Image
LEASED

Le Petit Parisien Leases Retail Space At 355 East 78th Street On Upper East Side

355 East 78th Street, New York City, New York 10075, United States

See Similar Deals
Retail1,600 SF
Leased 05/19/2022
Stephen (Steve) Weber
George Skaliarinis
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Total Square Footage:1,600 SF
Transaction Type:Lease

The retail space located at 355 East 78th Street in the Upper East Side of New York City has recently been leased. The property, spanning 1,600 square feet, was leased by Le Petit Parisien. The transaction took place on May 19, 2022, and was facilitated by Matthew Fogel and George Skaliarinis from KSR, representing the tenant. On the landlord's side, Stephen Weber, Adam Heller, and Josh Singer from the Heller Organization acted as representatives for Keren Associates, the landlord. The asking rent for the space was $150 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Address: 355 East 78th Street
  • Market: Upper East Side

The leasing of this retail space marks an important addition to the vibrant Upper East Side market. Le Petit Parisien, a tenant known for its unique French-inspired offerings, will contribute to the diverse retail scene in the area. The deal was successfully negotiated by Matthew Fogel and George Skaliarinis from KSR, who represented the tenant's interests. On the other side of the transaction, Stephen Weber, Adam Heller, and Josh Singer from the Heller Organization played a vital role in ensuring a smooth leasing process for Keren Associates, the landlord.

Players

Matthew Fogel
21 deals(203) 962-5800
BROKER

Adam Heller
The Heller Organization
5 deals
BROKER

George Skaliarinis
Kassin Sabbagh Realty
53 deals$7M volume
BROKER

Stephen (Steve) Weber
The Heller Organization
9 deals$22.5M volume
BROKER

Joshua Singer
The Heller Organization
13 deals
BROKER

Details

LEASED
IMAGE: Josh Singer, Matthew Fogel & George Skaliarinis DATE: 05/19/2022 ADDRESS: 355 East 78th Street MARKET: Upper East Side ASSET TYPE: Retail LANDLORD: Keren Associates - Keren Werber TENANT: Le Petit Parisien TENANT'S REP: Matthew Fogel (@Matt_Fogel) & George Skaliarinis (@GeorgioSkals) - KSR (@Kassin_Sabbagh_Realty) LANDLORD'S REP: Stephen Weber, Adam Heller & Josh Singer - Heller Organization ASKING RENT: $150/ft. ~ SF: 1,600

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Deal Type
Effective Rent (Annual)

$91,711.03

Total Lease Value

$917,110.34

Net Landlord Cash Flow$91,711.03