Greogory Kornegay Leases Retail Space In Murray Hill With Alex Frants Of Highcap Group
LEASED
$156
New York
See Similar DealsRetail2,000 SF
Leased 03/21/2024
LEASED
Greogory Kornegay Leases Retail Space In Murray Hill With Alex Frants Of Highcap Group
698 2nd Avenue
See Similar DealsRetail2,000 SF
Leased 03/21/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$156
Total Square Footage:2,000 SF
Transaction Type:Lease
The retail property located at 698 2nd Avenue in Murray Hill, Manhattan, was leased out in a 10-year deal. The asset spans 2,000 square feet with an asking rent of $156 per square foot. Ofer Cohen is the landlord, and Greogory Kornegay is the tenant. The leasing transaction was facilitated by Alex Frants from Highcap Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 698 2nd Avenue
- Market: Murray Hill, Manhattan
- Lease Type: Retail Lease
- Lease Term: 10-year lease with 3% annual increases
The building housing the leased retail space also features two free market apartments and is available for sale. Interested parties can reach out to Alex Frants at [email protected] or 646-649-9829 for more information.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$357,673.03
Total Lease Value
$3,576,730.35
Net Landlord Cash Flow$357,673.03
Is there something missing? Send suggestions