Fine Fare Leases Retail Space At 50 Pennsylvania Ave In East New York
LEASED
$35
New York
See Similar DealsRetail18,360 SF
LEASED
Fine Fare Leases Retail Space At 50 Pennsylvania Ave In East New York
50 Pennsylvania Avenue
See Similar DealsRetail18,360 SF
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$35
Total Square Footage:18,360 SF
Transaction Type:Lease
The retail property located at 50 Pennsylvania Ave. in East New York has been leased. The asset, spanning 18,360 square feet, was leased by Fine Fare. The landlord, Pennrose, was represented by Greg Parassio and Brian Doyle of Booth Capital. The lease was secured at an asking rent of $35 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 50 Pennsylvania Ave.
- Market: East New York
- Tenant: Fine Fare
- Landlord: Pennrose
- Landlord Representative: Greg Parassio & Brian Doyle - Booth Capital
- Asking Rent: $35/ft.
- Square Footage: 18,360
Greg Parassio and Brian Doyle from Booth Capital represented the landlord, Pennrose, in the lease transaction with Fine Fare for the retail property at 50 Pennsylvania Ave. in East New York. The details of the deal, including the lease terms and negotiations, were handled by these key individuals.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$736,668.88
Total Lease Value
$7,366,688.85
Net Landlord Cash Flow$736,668.88
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