Verizon Wireless Leases Retail Space At 750 8th Avenue With Landlord Hersel Torkian
LEASED
$250
+ 1
New York
See Similar DealsRetail1,200 SF
Leased 09/01/2024
LEASED
Verizon Wireless Leases Retail Space At 750 8th Avenue With Landlord Hersel Torkian
750 8th Avenue
See Similar DealsRetail1,200 SF
Leased 09/01/2024
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$250
Total Square Footage:1,200 SF
Transaction Type:Lease
The retail asset located at 750 8th Avenue in the Theater District features an asking rent of $250 per square foot for a total of 1,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $250/ft
- Address: 750 8th Avenue
- Market: Theater District
- Lease Type: Retail Lease
- Landlord: Hersel Torkian
- Tenant: Verizon Wireless
- Brokers: Sophia Gaines, Solomon Sharaby, Albert Manopla & Marc Sitt - KSR
This transaction involved multiple brokers working under KSR, representing the landlord and tenant in securing the lease for the property, facilitating negotiations and ensuring all parties' interests were addressed throughout the process.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$343,916.38
Total Lease Value
$3,439,163.79
Net Landlord Cash Flow$343,916.38
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