Zhoumapo Leases Retail Space At 728 8th Avenue Midtown Manhattan With Andrew Stern & Ravi Idnani As Landlord's Rep
LEASED
$113
+ 1
New York
See Similar DealsRetail5,800 SF
Leased 01/16/2025
LEASED
Zhoumapo Leases Retail Space At 728 8th Avenue Midtown Manhattan With Andrew Stern & Ravi Idnani As Landlord's Rep
728 8th Avenue
See Similar DealsRetail5,800 SF
Leased 01/16/2025
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$113
Total Square Footage:5,800 SF
Transaction Type:Lease
The asset involved in this transaction is a retail space located at 728 8th Avenue in Midtown Manhattan. The property has a square footage of 5,800 and is under a modified gross lease agreement with an asking rent of $113 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $113/ft
- Square Footage: 5,800
- Address: 728 8th Avenue
- Market: Midtown Manhattan
- Landlord: Chris Lamotta
- Tenant: Zhoumapo
- Landlord's Representative: Andrew Stern & Ravi Idnani - Newmark
- Tenant's Representative: John Roesch
- Lease Type: Modified Gross Lease
This transaction highlights the key roles of the representatives involved. Andrew Stern and Ravi Idnani from Newmark represent the landlord Chris Lamotta, while John Roesch represents the tenant Zhoumapo in this lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$756,595.40
Total Lease Value
$7,565,954.00
Net Landlord Cash Flow$756,595.40
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