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This Santander branch closed at the end of April here on Avenue A at Fourth Street (southwest corner). And the for rent signs finally arrived late last week.
According to the listing via Newmark Knight Frank, "dry uses" are preferred...
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The listing notes that the neighboring tenants are the coming-soon Equinox next to Katz's, Blink, New York Sports Club and Duane Reade.
The asking rent is $95 a square foot for the 3,700-square-foot space.
4 comments:
$ 95.00 x 3,700 = $351,500 per month
$351,500 x 12 ( months ) = $4,218,000.00
Totally absurd.
Absurd enough to suspect a misprint for $9.50/sq foot.
I believe commercial rates are listed at annual rates per sq ft, not monthly.
Ah, that would be $29,292/month, which seems less hallucinogenic.
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