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Mario Ursumando Leases Retail Space From Landlord Henry Kallan In Midtown Manhattan

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LEASED
$95

New York

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Retail4,500 SF
Leased
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Property Image
LEASED

Mario Ursumando Leases Retail Space From Landlord Henry Kallan In Midtown Manhattan

365 Park Avenue South

See Similar Deals
Retail4,500 SF
Leased
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$95
Total Square Footage:4500 SF
Transaction Type:Lease

The property asset involved in the transaction is a retail space located at 365 Park Ave South, situated in Midtown Manhattan. The retail lease is for a ground floor space of 3,000 square feet along with an additional 1,500 square feet rooftop bar. The asking rent for this property is $95 per square foot.

Summary of transaction details:

  • Property Type: Retail Lease
  • Transaction Amount: $95/ft
  • Square Footage: 4,500
  • Address: 365 Park Ave South
  • Market: Midtown Manhattan
  • Landlord: Henry Kallan
  • Tenant: Mario Ursumando
  • Brokers: Emilian Derguti & Alberie Hadergjonaj - Capstone Properties NY
  • Lease Term: Ground fl: 3000 SF + 1500 SF rooftop Bar

The deal was facilitated by brokers Emilian Derguti and Alberie Hadergjonaj from Capstone Properties NY, representing the interests of both the landlord and tenant in this transaction. Their involvement ensures that the transaction meets the needs and expectations of both parties.

Players

Emilian Derguti
7 deals$885K volume(917) 683-5905
BROKER

Details

LEASED
IMAGE: Emilian Derguti & Alberie Hadergjonaj DATE: 07/12/2024 ADDRESS: 365 Park Ave South MARKET: Midtown Manhattan ASSET TYPE: Retail LANDLORD: Henry Kallan TENANT: Mario Ursumando BROKERS: Emilian Derguti (@Emilian1234) & Alberie Hadergjonaj (@Alberije_Hadergjonaj) - Capstone Properties NY (@CapstonePropertiesny) ASKING RENT: $95/ft ~ SF: 4,500 LEASE TYPE: Retail Lease LEASE TERM: Ground fl: 3000 SF + 1500 SF rooftop Bar

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Deal Type
Effective Rent (Annual)

$490,080.84

Total Lease Value

$4,900,808.41

Net Landlord Cash Flow$490,080.84