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Eric Cohen Leases Industrial Space In Bushwick, Brooklyn

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LEASED
$39

New York

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Industrial7,122 SF
Leased 09/19/2022
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LEASED

Eric Cohen Leases Industrial Space In Bushwick, Brooklyn

555 Johnson Avenue & 555 Johnson Avenue, Brooklyn, New York 11237, United States

See Similar Deals
Industrial7,122 SF
Leased 09/19/2022
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$39
Total Square Footage:7,122 SF
Transaction Type:Lease

An industrial space located at 555 Johnson Avenue in Bushwick, Brooklyn has been leased. The property, known as The Block, has been repurposed and offers a ground floor 'rarehouse' with tall ceilings. The neighborhood's Brooklyn cool atmosphere has attracted strong tenants who can make a significant impact in the area. The current tenants at The Block include Vans, Valrhona, New York Distilling Company, and Arcane Distilling. Vassla, a Swedish ebike manufacturer, will also be opening its first US showroom on the premises. The available spaces at The Block include 9,600 square feet and 22,310 square feet with 19' ceilings.

Summary of Transaction Details:

  • Property Type: Industrial
  • Transaction Date: September 19, 2022
  • Address: 555 Johnson Avenue, Bushwick, Brooklyn
  • Asking Rent: $39 per square foot
  • Square Footage: 3,561

Eric Cohen is the landlord of The Block and Corey Cohen & Amanda Bery from Roebling Group represent the landlord's interests. Luis Ramirez from Nomad Group represents the tenant in this lease. For more information about the property, please reach out to Corey Cohen at @mrcoreycohen.

Players

Luis Ramirez
7 deals
BROKER

Details

LEASED
IMAGE: Eric Cohen, Corey Cohen & Amanda Bery DATE: 09/19/2022 ADDRESS: 555 Johnson Avenue MARKET: Bushwick, Brooklyn ASSET TYPE: Industrial LANDLORD: Eric Cohen (@EricBenCohen TENANT: Vassla (@OfficialVassla) LANDLORD'S REP: Corey Cohen (@MrCoreyCohen) & Amanda Bery (@AmandaBery) - Roebling Group (@RoeblingGroup) TENANT'S REP: Luis Ramirez - Nomad Group (@NomadGroup.IO) ASKING RENT: $39/ft. ~ SF: 3,561 NOTE FROM @RoeblingGroup: The Block (@theblockbk) has set the gold standard for repurposed industrial space in Bushwick. Ground floor 'rarehouse' with tall ceilings has been drawing strong Tenants attracted to the neighborhood's Brooklyn cool where they can plant their flag and create maximum impact. Current Tenants include Vans, Valrhona, New York Distilling Company, and Arcane Distilling. Vassla, a Swedish ebike manufacturer, will be setting up its first US showroom on the premises. Additional opportunities at @theblockbk are 9,600sf and 22,310sf and have 19' ceilings. For more information please reach out to @mrcoreycohen.

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Deal Type
Effective Rent (Annual)

$318,418.42

Total Lease Value

$3,184,184.19

Net Landlord Cash Flow$318,418.42