Larry Marolda Leases Retail Space At 958 Lexington Avenue To Boba Whale For $260 Per Ft
LEASED
$260
New York
See Similar DealsRetail300 SF
Leased 03/03/2025
LEASED
Larry Marolda Leases Retail Space At 958 Lexington Avenue To Boba Whale For $260 Per Ft
958 Lexington Avenue
See Similar DealsRetail300 SF
Leased 03/03/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$260
Total Square Footage:300 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 958 Lexington Avenue in the Upper East Side market. The lease involves a modified gross lease agreement for a space measuring 300 square feet, with an asking rent of $260 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $260/ft
- Address: 958 Lexington Avenue
- Market: Upper East Side
- Asset Type: Retail
- Landlord: Larry Marolda
- Tenant: Boba Whale
- Lease Type: Modified Gross Lease
- Square Footage: 300
- Brokers: James Famularo, Kyle Fink & Asher Schwartz - Meridian Capital Group
This transaction was facilitated by brokers James Famularo, Kyle Fink, and Asher Schwartz from Meridian Capital Group, representing both the landlord and tenant in this leasing agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$89,418.26
Total Lease Value
$894,182.59
Net Landlord Cash Flow$89,418.26
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