McDonald’s signed a renewal lease with Metro Property Group in the Bronx

McDonald’s Corporation, as tenant, signed a memorandum of lease with landlord Metro Property Group through its entity Bali 9 Building Associates for 1 parcel, including the tax class one-story store building (K1) at 4174 White Plains Road in Longwood Melrose. The memorandum was signed on August 08, 2019 and was recorded on August 19, 2019. The square feet of the lease was not disclosed.
The entire property contains a total of 53,779 square feet of built space. The property has 39,152 square feet of available development rights.
The lease was originally signed in 1995, and is extended until September 2030, with an option to extend another 10 years.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $22,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
Story link.