Alter Native Retail Leases Retail Space At 566 7th Avenue, New York City
LEASED
$350
New York
See Similar DealsRetail4,000 SF
Leased 12/05/2022
LEASED
Alter Native Retail Leases Retail Space At 566 7th Avenue, New York City
566 7th Avenue
See Similar DealsRetail4,000 SF
Leased 12/05/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$350
Total Square Footage:4,000 SF
Transaction Type:Lease
The retail property located at 566 7th Avenue in New York City has been leased by Alter Native Retail. The lease term is set for 15 years at an asking rent of $350 per square foot. The property spans 4,000 square feet.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not provided
- Date: 12/05/2022
- Address: 566 7th Avenue
- Market: New York City
- Landlord: Ebm Development Company - Jevin Ng
- Tenant: Alter Native Retail
- Brokers: Steven Evans, Joseph Zalta & Khashy Eyn - Platinum Properties
Steven Evans, Joseph Zalta, and Khashy Eyn from Platinum Properties represented both the landlord, Ebm Development Company, and the tenant, Alter Native Retail, in this lease transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,604,943.10
Total Lease Value
$16,049,431.04
Net Landlord Cash Flow$1,604,943.10
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