Pizza Hut Leases Retail Space In New York City Building
LEASED
$75
New York
See Similar DealsRetail1,500 SF
Leased 02/27/2023
LEASED
Pizza Hut Leases Retail Space In New York City Building
601 East Tremont Avenue
See Similar DealsRetail1,500 SF
Leased 02/27/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:1,500 SF
Transaction Type:Lease
The retail property at 601 East Tremont Avenue in New York City has been leased. The tenant, Pizza Hut, will occupy a space measuring 1,500 square feet. The landlord, Primrock Real Estate, facilitated the deal through their broker, Bruce Herman of Booth Street. The lease was signed for an asking rent of $75 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 601 East Tremont Avenue
- Tenant: Pizza Hut
- Landlord: Primrock Real Estate
- Tenant's Broker: Bruce Herman - Booth Street
- Asking Rent: $75 per square foot
- Square Footage: 1,500
- Market: New York City
This transaction highlights the collaboration between Pizza Hut, Primrock Real Estate, and Bruce Herman of Booth Street. The leasing of this retail space demonstrates the ongoing activity and demand in the New York City market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$128,968.64
Total Lease Value
$1,289,686.42
Net Landlord Cash Flow$128,968.64
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