CHA Signs 10-Year Retail Lease With Lai Family At 355 Grand Street In Lower East Side NYC

The retail property located at 355 Grand Street in the Lower East Side of NYC consists of 1,000 square feet and is leased at an asking rent of $103 per square foot, resulting in a monthly rent of $8,600. The lease agreement is established for a term of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,600 monthly rent
• Address: 355 Grand Street
• Market: Lower East Side, NYC
• Landlord: Lai Family
• Tenant: CHA &
• Brokers: Zachary Ziskin & Brandon Efap - Investment Property Realty Group
• Lease Type: Retail Lease
• Lease Term: 10 Years
• Asking Rent: $103/ft
• Square Footage: 1,000

Key individuals involved in this transaction include Zachary Ziskin and Brandon Efap, representing Investment Property Realty Group. They emphasized the importance of vetting a surplus of clientele before selecting the optimal tenant, and their full service efforts also aided the ownership in acquiring the building and leasing the retail space.