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H&H Bagels Signs Lease For Retail Space At 429 Third Avenue In Kips Bay, Manhattan

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LEASED
$150

New York

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Retail1,500 SF
Leased 08/11/2023
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Property Image
LEASED

H&H Bagels Signs Lease For Retail Space At 429 Third Avenue In Kips Bay, Manhattan

429 3rd Avenue

See Similar Deals
Retail1,500 SF
Leased 08/11/2023
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$150
Total Square Footage:1,500 SF
Transaction Type:Lease

The retail property located at 429 Third Avenue in Kips Bay, Manhattan was recently leased. The property, measuring 1,500 square feet, was leased by H&H Bagels from the landlord, Abro Management. The lease was facilitated by brokers Evan Schuckman and JP Pirraglia from Ripco. The lease type for this transaction is a Modified Gross Lease, with an asking rent of $150 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 429 Third Avenue, Kips Bay, Manhattan
  • Market: Kips Bay, Manhattan
  • Landlord: Abro Management
  • Tenant: H&H Bagels
  • Brokers: Evan Schuckman & JP Pirraglia, Ripco
  • Asking Rent: $150 per square foot
  • Lease Type: Modified Gross Lease

Evan Schuckman and JP Pirraglia, both from Ripco, played a key role in facilitating the lease agreement between H&H Bagels and Abro Management for the retail property at 429 Third Avenue. The lease terms were negotiated to suit both parties involved, with the modified gross lease providing a suitable agreement for the transaction.

Players

Evan Schuckman
8 deals$8.1M volume
BROKER

JP Pirraglia
Ripco
5 deals
BROKER

LANDLORD

Details

LEASED
IMAGE: Evan Schuckman & JP Pirraglia DATE: 08/11/2023 ADDRESS: 429 Third Avenue MARKET: Kips Bay, Manhattan ASSET TYPE: Retail LANDLORD: Abro Management TENANT: H&H Bagels BROKERS: Evan Schuckman & JP Pirraglia,- Ripco (@RipcoRealEstate) ASKING RENT: $150/ft ~ SF: 1,500 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$257,937.28

Total Lease Value

$2,579,372.85

Net Landlord Cash Flow$257,937.28