Mott Haven Discount Leases Retail Space At 537 East 138th Street In Bronx For $45/ft
LEASED
$45
New York
See Similar DealsRetail9,500 SF
Leased 01/20/2025
LEASED
Mott Haven Discount Leases Retail Space At 537 East 138th Street In Bronx For $45/ft
537 East 138th Street
See Similar DealsRetail9,500 SF
Leased 01/20/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$45
Total Square Footage:9,500 SF
Transaction Type:Lease
The retail asset located at 537 East 138th Street in the Bronx features a lease type classified as a Single Net Lease. The property spans 9,500 square feet, with an asking rent set at $45 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $427,500
- Address: 537 East 138th Street
- Market: Bronx
- Landlord: Louis Reichardt
- Tenant: Mott Haven Discount - Yingie Cai
- Landlord's Representative: Ezra Saff - Retail Zone
- Tenant's Representative: Steve Lorenzo - Lee & Associates
Yingie Cai represents the tenant Mott Haven Discount while Ezra Saff, associated with Retail Zone, represents the landlord Louis Reichardt. Additionally, Steve Lorenzo from Lee & Associates assists in the deal on behalf of the tenant.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$490,080.84
Total Lease Value
$4,900,808.41
Net Landlord Cash Flow$490,080.84
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