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Gorjian Real Estate Group Leases Retail Space To 9th Ave Cafe At 470 9th Avenue

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LEASED
$140
Aaron Aziz
Benjamin (Ben) Namdar

New York

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Retail700 SF
Leased 08/28/2024
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LEASED

Gorjian Real Estate Group Leases Retail Space To 9th Ave Cafe At 470 9th Avenue

470 9th Avenue

See Similar Deals
Retail700 SF
Leased 08/28/2024
Aaron Aziz
Benjamin (Ben) Namdar
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$140
Total Square Footage:700 SF
Transaction Type:Lease

The property involved in the transaction is a retail lease located at 470 9th Avenue in Manhattan. The asking rent for this space is $140 per square foot, covering an area of 700 square feet. The asset is under the ownership of Gorjian Real Estate Group and has been leased to 9th Ave Cafe.

Summary of transaction details:

  • Property Type: Retail Lease
  • Transaction Amount: $140/ft
  • Address: 470 9th Avenue
  • Market: Manhattan
  • Landlord: Gorjian Real Estate Group
  • Tenant: 9th Ave Cafe
  • Brokers: Benjamin Namdar & Aaron Aziz - Avenue Realty Advisors
  • Lease Type: Retail Lease
  • Square Footage: 700

Benjamin Namdar and Aaron Aziz from Avenue Realty Advisors represented both Gorjian Real Estate Group, the landlord, and 9th Ave Cafe, the tenant, in this transaction. The deal was closed with remarkable speed and efficiency, just two weeks after the listing was taken on. Avenue Realty Advisors has an extensive tenant list featuring various unique tenants across different trades and styles.

Players

Aaron Aziz
ARA
Aaron Aziz
47 deals(516) 355-8018
BROKER
Benjamin (Ben) Namdar
Kassin Sabbagh Realty
Benjamin Namdar
34 deals(516) 406-9176
BROKER

Details

LEASED
IMAGE: Benjamin Namdar & Aaron Aziz DATE: 08/28/2024 ADDRESS: 470 9th Avenue MARKET: Manhattan ASSET TYPE: Retail LANDLORD: Gorjian Real Estate Group TENANT: 9th Ave Cafe BROKERS: Benjamin Namdar (@BenNamdar) & Aaron Aziz (@AarAziz) - Avenue Realty Advisors (@ARANYC_) ASKING RENT: $140/ft ~ SF: 700 LEASE TYPE: Retail Lease NOTE FROM BROKER: Just two weeks after taking on the listing, ARA successfully represented both the owner and the tenant, closing the deal with remarkable speed and efficiency. This tenant is part of ARA’s expansive tenant list which consists of unique tenants of all different trades & styles. If you are an owner looking to lease your vacant commercial space or a tenant seeking to open a new or additional location, please reach out to one of our leasing specialists for professional advice and support. Website: www.aranyc.com (http://www.aranyc.com/) Instagram: @aranyc_

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Deal Type
Effective Rent (Annual)

$112,346.02

Total Lease Value

$1,123,460.17

Net Landlord Cash Flow$112,346.02