KMR Management Leases Retail Space At 377 5th Avenue In Midtown South, Manhattan
LEASED
$36
New York
See Similar DealsRetail2,500 SF
Leased 11/30/2023
LEASED
KMR Management Leases Retail Space At 377 5th Avenue In Midtown South, Manhattan
377 5th Avenue
See Similar DealsRetail2,500 SF
Leased 11/30/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$36
Total Square Footage:2,500 SF
Transaction Type:Lease
The retail property located at 377 5th Avenue in Midtown South, Manhattan has been leased by Hebe Intl Skincare Center. The landlord, KMR Management, agreed to a 10-year lease with an asking rent of $36 per square foot for a total of 2,500 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 377 5th Avenue
- Market: Midtown South, Manhattan
- Landlord: KMR Management
- Tenant: Hebe Intl Skincare Center
Representing the landlord, KMR Management, in this lease transaction is Michael Segerman of Current Real Estate Advisors. On the other hand, Jessilyn Chen and Olivia Biancardi from Arktic Real Estate served as the tenant's representatives.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$103,174.91
Total Lease Value
$1,031,749.14
Net Landlord Cash Flow$103,174.91
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