facebook
Traded Co logo
Submit

Thomas Galo & Steven E. Baker Lease Retail Space To Wells Fargo In Long Island City

Property Image
LEASED
$150

New York

See Similar Deals
Retail3,001 SF
Leased 02/22/2024
the dealplayerscompscontact
Property Image
LEASED

Thomas Galo & Steven E. Baker Lease Retail Space To Wells Fargo In Long Island City

8 Court Square

See Similar Deals
Retail3,001 SF
Leased 02/22/2024
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$150
Total Square Footage:3,001 SF
Transaction Type:Lease

Located at 8 Court Square in Long Island City, this retail building offers a lower-level area totaling 5,109 square feet. It includes a 991 square foot private ground floor entrance on 44th Drive, ideal for a boutique fitness concept. Additionally, there is a 1,245 square foot space available on Thomson Avenue, situated next to the 8 Court Square residential entrance and overlooking Court Square Park, making it a perfect spot for a café or similar tenant.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $150 per square foot for 3,001 square feet
  • Landlord: Werwaiss Properties, In Partnership With Rose Associates
  • Tenant: Wells Fargo
  • Brokers: Thomas Galo & Steven E. Baker - Winick Realty Group
  • Lease Type: Modified Gross Lease

Winick Realty Group, through brokers Thomas Galo and Steven E. Baker, facilitated the lease deal between Werwaiss Properties in partnership with Rose Associates and Wells Fargo. The available spaces within the retail building offer unique opportunities for businesses in the fitness or dining industry, enhancing the commercial landscape of the area.

Players

Thomas Galo
12 deals(212) 792-2602
BROKER

Details

LEASED
IMAGE: Steven E. Baker & Thomas Galo DATE: 02/22/2024 ADDRESS: 8 Court Square MARKET: Long Island City ASSET TYPE: Retail LANDLORD: Werwaiss Properties, In Partnership With Rose Associates TENANT: Wells Fargo (@WellsFargo) BROKERS: Thomas Galo (@TGalo22) & Steven E. Baker (@SteveneB3) - Winick Realty Group (@WinickRealty) ASKING RENT: $150/ft ~ SF: 3,001 LEASE TYPE: Modified Gross Lease NOTE FROM BROKER: Winick is presently offering for lease a 5,109 square foot lower-level area in the retail building, featuring a 991 square foot private ground floor entrance on 44th Drive. This space is perfect for a boutique fitness concept. In addition, Winick is also offering a 1,245 square foot space on Thomson Avenue – adjacent to the 8 Court Square residential entrance and overlooking the Court Square Park. This space is perfectly situated for a café or similar tenant.

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
Effective Rent (Annual)

$516,046.53

Total Lease Value

$5,160,465.27

Net Landlord Cash Flow$516,046.53