Excel Custom Framing Leases Retail Space At 81 3rd Avenue From NYU For 10 Years
LEASED
$175
New York
See Similar DealsRetail2,200 SF
Leased 09/10/2025
LEASED
Excel Custom Framing Leases Retail Space At 81 3rd Avenue From NYU For 10 Years
81 3rd Avenue
See Similar DealsRetail2,200 SF
Leased 09/10/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$175
Total Square Footage:2,200 SF
Transaction Type:Lease
The property asset involved in the context is a retail space located at 81 3rd Avenue in Manhattan. The market value highlights a lease with an asking rent of $145 per square foot, covering a total square footage of 1,400. The lease term is set for 10 years under a Single Net Lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $145/ft
- Lease Term: 10 years
- Lease Type: Single Net Lease
- Landlord: NYU
- Tenant: Excel Custom Framing
- Tenant's Representative: Matthew Ball - Ripco
The deal involves key representatives, including NYU as the landlord and Excel Custom Framing as the tenant. Matthew Ball from Ripco represents the tenant in this leasing agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$441,359.35
Total Lease Value
$4,413,593.53
Net Landlord Cash Flow$441,359.35
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