Luckin Coffee Leases Retail Space At 147 3rd Avenue Bronx For $170 Per Ft With 10 Year Term

The transaction involves a retail lease for a property located at 147 3rd Avenue, in the Bronx market. The lease encompasses a total square footage of 925 square feet, with an asking rent set at $170 per square foot. The lease term is established for 10 years, categorized as a retail lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $170/ft
• Square Footage: 925
• Address: 147 3rd Avenue
• Market: Bronx
• Landlord: Brooke Camhi & Matthew Goodwin
• Tenant: Luckin Coffee
• Landlord's Rep: Jeffrey Erskine - Harmony Realty
• Tenant's Rep: Jiangwei Zhou - Exp Commercial
• Lease Term: 10 Years
• Lease Type: Retail Lease

Key individuals involved in this transaction include the landlords, Brooke Camhi and Matthew Goodwin, who are responsible for the property leasing. Representing the landlord is Jeffrey Erskine from Harmony Realty, while Jiangwei Zhou from Exp Commercial serves as the tenant's representative for Luckin Coffee.