Paths Management Services Leases Retail Space To Morris Avenue Parking In Bronx For $25/ft
LEASED
$25
New York
See Similar DealsRetail27,000 SF
Leased
LEASED
Paths Management Services Leases Retail Space To Morris Avenue Parking In Bronx For $25/ft
655 Morris Avenue
See Similar DealsRetail27,000 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$25
Total Square Footage:27000 SF
Transaction Type:Lease
The property asset involved in the transaction is located at 655 Morris Avenue in the Bronx, featuring a retail space measuring 27,000 square feet. The asking rent for this property is set at $25 per square foot, and the lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $25/ft
- Address: 655 Morris Avenue
- Market: Bronx
- Landlord: Paths Management Services
- Tenant: Morris Avenue Parking
- Landlord Representative: Michael Paster & Aric Trakhtenberg - Newmark
Michael Paster and Aric Trakhtenberg from Newmark represent the landlord, Paths Management Services, in this leasing transaction with the tenant, Morris Avenue Parking.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$773,811.85
Total Lease Value
$7,738,118.54
Net Landlord Cash Flow$773,811.85
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