David Belsky Of Fridberg Realty Company Leases Retail Space To Smelly Nelly In Chinatown
LEASED
$156
New York
See Similar DealsRetail2,000 SF
Leased
LEASED
David Belsky Of Fridberg Realty Company Leases Retail Space To Smelly Nelly In Chinatown
70 Canal Street
See Similar DealsRetail2,000 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$156
Total Square Footage:2000 SF
Transaction Type:Lease
The property involved in this transaction is a retail asset located at 70 Canal Street in the Chinatown market. The lease agreement was established for a space of 2,000 square feet at an asking rent of $156 per square foot, structured as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $312,000
- Address: 70 Canal Street
- Market: Chinatown
- Landlord: David Belsky - Fridberg Realty Company
- Tenant: Smelly Nelly
- Landlord's Representative: Kevin Bisconti - Meridian Capital Group
- Tenant's Representative: Abe Smouha - RJB Real Estate
Key individuals involved in this deal include David Belsky representing Fridberg Realty Company as the landlord and Smelly Nelly as the tenant, with representation from Kevin Bisconti and Abe Smouha, respectively. They played critical roles in reaching this lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$357,673.03
Total Lease Value
$3,576,730.35
Net Landlord Cash Flow$357,673.03
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