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Republic Investment Company Leases Retail Space To Qahwah Valley Cafe At 630 1st Avenue

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LEASED
$75

New York

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Retail2,500 SF
Leased 03/07/2024
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Property Image
LEASED

Republic Investment Company Leases Retail Space To Qahwah Valley Cafe At 630 1st Avenue

630 1st Avenue

See Similar Deals
Retail2,500 SF
Leased 03/07/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:2,500 SF
Transaction Type:Lease

The retail property located at 630 1st Avenue in Murray Hill was leased in a transaction involving landlord Ben Nehmadi of Republic Investment Company and tenant Qahwah Valley Cafe. The property spans 2,500 square feet with an asking rent of $75 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 630 1st Avenue
  • Market: Murray Hill
  • Landlord: Ben Nehmadi - Republic Investment Company
  • Tenant: Qahwah Valley Cafe
  • Landlord's Rep: John Roesch & Benny Sternberg - Meridian Capital Group
  • Tenant's Rep: Ali Reslan - RDE Advisors
  • Asking Rent: $75/ft
  • Lease Type: Retail Lease

The deal was facilitated by John Roesch and Benny Sternberg from Meridian Capital Group representing the landlord, Ben Nehmadi, of Republic Investment Company. On the other side, Ali Reslan from RDE Advisors acted as the tenant's representative, securing the lease agreement for Qahwah Valley Cafe at the retail property.

Players

John Roesch
97 deals
BROKER

Benny Sternberg
Meridian Capital Group
6 deals(212) 468-5918
BROKER

Details

LEASED
IMAGE: Benny Sternberg, John Roesch & Rosiceli Rosario DATE: 03/07/2024 ADDRESS: 630 1st Avenue MARKET: Murray Hill ASSET TYPE: Retail LANDLORD: Ben Nehmadi - Republic Investment Company TENANT: Qahwah Valley Cafe LANDLORD'S REP: John Roesch (@_JohnRoesch_) & Benny Sternberg - Meridian Capital Group (@Meridian_Retail_Leasing) TENANT’S REP: Rosiceli Rosario - Oxford Property Group ASKING RENT: $75/ft ~ SF: 2,500 LEASE TYPE: Retail Lease

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Deal Type
Effective Rent (Annual)

$214,947.74

Total Lease Value

$2,149,477.37

Net Landlord Cash Flow$214,947.74