Morris Napolitano Leases Industrial Space In Gowanus For $17/ft
LEASED
New York
See Similar DealsIndustrial12,000 SF
Leased 04/28/2021
LEASED
Morris Napolitano Leases Industrial Space In Gowanus For $17/ft
22 2nd Ave, Gowanus, Brooklyn, NY, USA
See Similar DealsIndustrial12,000 SF
Leased 04/28/2021
Summary
NEW YORK
Asset Type:Industrial
Total Square Footage:12,000 SF
Transaction Type:Lease
An industrial property located at 22 2nd Ave in Gowanus has been leased. The property spans 12,000 square feet and is owned by Rich Ribellino. The tenant, Morris Napolitano, will be occupying the space. The lease was facilitated by broker Julio Reyes from Reyes Elsamad. The asking rent for the property was $17 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Lease
Julio Reyes from Reyes Elsamad represented both the tenant, Morris Napolitano, and the landlord, Rich Ribellino, in this lease transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$687,832.76
Total Lease Value
$6,878,327.59
Net Landlord Cash Flow$687,832.76
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