ABS Partners Completes Triple-Net Retail Deal in East Harlem
NEW YORK, N.Y. (September 21, 2012)ABS Partners Real Estate, LLC, one of New York City’s foremost real estate services firms, announced today that the firm has completed a triple-net (NNN) lease transaction for a 6,000-square-foot retail space at 2033 Third Avenue in East Harlem, N.Y.
S&N Discount, Inc. will occupy 5,000 square feet on the ground floor and 1,000 square feet of basement space in the single-story building that is located between East 111th and 112th Streets.
Mark Tergesen, Managing Director of Retail Leasing for ABS, represented the Landlord, while
Robert K. Futterman & Associates (RKF) Director Young Kim represented the Tenant.
"The site is well-positioned within Harlem’s Third Avenue retail corridor which benefits from traffic driven from national tenants such as McDonalds and numerous established local tenants,” said Tergesen.
The discount store will occupy the largest store between 111th and 116th streets.
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About ABS Partners Real Estate
ABS Partners Real Estate, LLC is a premier New York-based real estate services firm. Founded by industry leaders with more than a century of collective experience, ABS has assembled a dynamic team of professionals with expertise in all facets of real estate services, including owner-advisory services, leasing, sales and property management. ABS also specializes in land use and ground lease consultation, the transfer of development rights, fractional ownership valuation, FAR valuation, and services specifically related to the issues faced by families holding real estate for multiple generations.