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Lalezarian Properties Leases 135400 Square Feet Industrial Space At 34 24 Vernon Boulevard
LEASED
New York
See Similar DealsIndustrial270,800 SF
Leased 03/07/2025
LEASED
Lalezarian Properties Leases 135400 Square Feet Industrial Space At 34 24 Vernon Boulevard
34 24 Vernon Boulevard & 34 31 Vernon Boulevard
See Similar DealsIndustrial270,800 SF
Leased 03/07/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:270,800 SF
Transaction Type:Lease
The property asset involved in this lease transaction is located at 34 24 Vernon Boulevard in New York City. This industrial asset encompasses a total square footage of 135,400.0 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Tenant: Lalezarian Properties
- Landlord: Henry Modell & Company, Inc. and Bert E. Brodsk
- Date of Lease: 03/07/2025
The transaction involves Lalezarian Properties as the tenant, while the landlords are Henry Modell & Company, Inc. and Bert E. Brodsk. Their involvement highlights the participation of established companies in this leasing deal within the industrial market.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$15,522,092.59
Total Lease Value
$155,220,925.88
Net Landlord Cash Flow$15,522,092.59
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