Wen Wong Leases Retail Space At 303 Park Avenue South For 15 Years With Edward A. Friedman Realty
LEASED
$244
New York
See Similar DealsRetail2,800 SF
Leased
LEASED
Wen Wong Leases Retail Space At 303 Park Avenue South For 15 Years With Edward A. Friedman Realty
303 Park Avenue South
See Similar DealsRetail2,800 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$244
Total Square Footage:2800 SF
Transaction Type:Lease
The retail asset located at 303 Park Avenue South in the Flatiron market has a lease agreement with a 15-year term. The asking rent is set at $244 per square foot for a total space of 2,800 square feet. The lease type is a Single Net Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $244/ft
- Square Footage: 2,800
- Address: 303 Park Avenue South
- Market: Flatiron
- Landlord: Edward A. Friedman Realty
- Tenant: Wen Wong
- Landlord's Representative: Haz Aliessa - Tower Brokerage
- Tenant's Representative: Olivia Hwang - Lee & Associates
- Lease Term: 15 Years
- Lease Type: Single Net Lease
The transaction involves key representatives, with Haz Aliessa from Tower Brokerage representing the landlord, Edward A. Friedman Realty, and Olivia Hwang from Lee & Associates representing the tenant, Wen Wong.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$783,212.23
Total Lease Value
$7,832,122.35
Net Landlord Cash Flow$783,212.23
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