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Farshab Shaban Leases Retail Space At 54 Pine Street To Ali Elfgeeh Deli In Financial District

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LEASED
$72

New York

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Retail3,000 SF
Leased 10/14/2024
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Property Image
LEASED

Farshab Shaban Leases Retail Space At 54 Pine Street To Ali Elfgeeh Deli In Financial District

54 Pine Street

See Similar Deals
Retail3,000 SF
Leased 10/14/2024
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$72
Total Square Footage:3,000 SF
Transaction Type:Lease

The retail asset located at 54 Pine Street in the Financial District features a total area of 3,000 square feet, contributing to its market presence. The landlord for this lease transaction is Farshab Shaban, while the tenant is Ali Elfgeeh Deli. The lease type agreed upon is a Modified Gross Lease with an asking rent set at $72 per square foot.

Summary of transation details:

The brokers involved in facilitating this lease transaction include James Famularo, Jacob Mayer, and Sara Lamstein, all representing Meridian Capital Group. Their participation underscores the collaborative effort in securing the lease agreement between the landlord and tenant.

Players

James Famularo
357 deals$11.4M volume(212) 468-5960
BROKER


Details

LEASED
IMAGE: Jacob Mayer, James Famularo & Sara Lamstein DATE: 10/14/2024 ADDRESS: 54 Pine Street MARKET: Financial District ASSET TYPE: Retail LANDLORD: Farshab Shaban TENANT: Ali Elfgeeh Deli BROKERS: James Famularo (@MrFamularo), Jacob Mayer (@Mayer.Leasing) & Sara Lamstein - Meridian Capital Group (@Meridian_Retail_Leasing) ASKING RENT: $72/ft ~ SF: 3,000 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$247,619.79

Total Lease Value

$2,476,197.93

Net Landlord Cash Flow$247,619.79