Shake Shack signed a lease with landlord Prestige Properties & Development

Shake Shack New York, as tenant, signed a memorandum of lease with landlord Prestige Properties & Development through its entity D2 – Bay Plaza Llc for space in 1 parcel, including the tax class diners, franchised type stand (K5) at 344 Baychester Avenue in Morrisania. The memorandum was signed on January 02, 2019 and was recorded on August 21, 2019
The size of the lease was not disclosed.
The burger restaurant signed a 15-year lease.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 2,500 square feet. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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