Michael Wahba Of Sigula Group Leases 1,500 SF Commercial Space To Jimmy Lu Of Courtesy Plumbing

The commercial property located at 576 Third Avenue in Brooklyn consists of 1,500 square feet and has been leased at an asking rent of $60 per square foot. The lease is structured as a modified gross lease with a term of 10 years.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $90,000
• Landlord: Michael Wahba - Sigula Group
• Tenant: Jimmy Lu - Courtesy Plumbing
• Broker: Mendel Jacobson -ONE NYC RE

The transaction was facilitated by Mendel Jacobson, who represents the landlord, Michael Wahba, in this lease deal. The tenant, Jimmy Lu, is associated with Courtesy Plumbing and will occupy the leased space for a decade under the agreed terms.