Sannella of ERG Property Advisors inks 800 s/f deal

According to ERG Property Advisors, they have completed the lease signing for 223 Avenue B, located between East 13th and East 14th Sts. The tenant, Subway Restaurant, signed a ten-year lease with two five-year options. The rent is $4,250 per month and the tenant is responsible for all utilities. The retail space is 800 s/f and is situated on 1,936 s/f lot. This property is located in the East Village. It is within walking distance of Tompkins Sq. Park and the waterfront. The building is very close to Peter Stuyvesant Village, with the busy 14th St artery only a half block away. This is a vibrant, exciting neighborhood with great foot traffic. Neighboring businesses include Rite Aid Pharmacy, Petland, Kennedy Fried Chicken, Dunkin Donuts, Buy Rite Liquors, Alpha Bet Café, Brothers Grocery and ABC Animal Hospital. Public transportation is nearby, including the L subway line and the M14AD and M15 buses. ERG's David Sannella handled the lease signing. ERG Property Advisors is a full-service commercial brokerage company based in New York City. Its core activities are investment sales, retail leasing, and strategic consulting. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG has access to a vast network of NNN properties throughout the United States. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles. Visit www.ergpa.com for recent deals and press coverage. ###