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Fancy 2 Corp. Leases Retail Space In Hell's Kitchen At 722 Tenth Ave

Property Image
LEASED
Ben Biberaj
Josh Sarraf
+ 1

New York

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Retail1,000 SF
Leased 04/01/2022
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Property Image
LEASED

Fancy 2 Corp. Leases Retail Space In Hell's Kitchen At 722 Tenth Ave

722 10th Avenue, Queens, New York 11356, United States

See Similar Deals
Retail1,000 SF
Leased 04/01/2022
Ben Biberaj
Josh Sarraf
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Total Square Footage:1,000 SF
Transaction Type:Lease

The retail property located at 722 Tenth Ave in Hell's Kitchen, leased by Fancy 2 Corp., recently underwent a transaction. The landlord of the property is Steven Croman. Representing the tenant, Fancy 2 Corp., is Josh Sarraf from Avenue Realty Advisors. On the other hand, Meridian Retail Leasing's Ben Biberaj and Ryan Fridolfs serve as the landlord's representatives in the deal.

Summary of transaction details:

  • Property Type: Retail
  • Asking Rent: $100 per square foot
  • Square Footage: 1,000
  • Date: 04/01/2022

The lease agreement for the retail space was successfully concluded with an asking rent of $100 per square foot. The transaction between Fancy 2 Corp. and the property's landlord, Steven Croman, was facilitated by the expertise of Josh Sarraf from Avenue Realty Advisors, representing the tenant. Ben Biberaj and Ryan Fridolfs from Meridian Retail Leasing acted as the landlord's representatives, ensuring a smooth transaction process.

Players

Ben Biberaj
187 deals$26.2M volume(703) 434-1461
BROKER

Ryan Fridolfs
Meridian Capital Group
6 deals
BROKER


Steve Croman
Centennial Properties
40 deals$50.1M volume
BROKER

Steve Croman
Centennial Properties
40 deals$50.1M volume
LANDLORD

Details

LEASED
IMAGE: Ben Biberaj & Ryan Fridolfs DATE: 04/01/2022 ADDRESS: 722 Tenth Ave. MARKET: Hell’s Kitchen ASSET TYPE: Retail LANDLORD: Steven Croman TENANT: Fancy 2 Corp. TENANT'S REP: Josh Sarraf - Avenue Realty Advisors LANDLORD'S REP: Ben Biberaj (@BenBibZ) & Ryan Fridolfs - Meridian Retail Leasing (@Meridian_Retail_Leasing) ASKING RENT: $100/ft. ~ SF: 1,000

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Deal Type
Effective Rent (Annual)

$57,319.40

Total Lease Value

$573,193.97

Net Landlord Cash Flow$57,319.40