Elie Pariente Of EMP Capital Group Leases Mixed-Use Property To WeeWee Daycare In Brooklyn

The property involved in this transaction is a mixed-use asset located at 1042 Atlantic Avenue in Brooklyn, comprising 237 residential units and 1 commercial unit. The asking rent for this property was set at $50 per square foot, with a total area of 5,000 square feet. The lease term agreed upon is 10 years under a modified gross lease agreement.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $50/ft
• Square Footage: 5,000
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease
• Landlord: Elie Pariente - EMP Capital Group
• Tenant: Simcha & Rivkah Luger - WeeWee Daycare
• Broker: Mendel Jacobson -ONE NYC RE

The deal features Elie Pariente representing the landlord, EMP Capital Group, while the tenants, Simcha and Rivkah Luger, are engaged with their business, WeeWee Daycare. Mendel Jacobson from ONE NYC RE facilitated the transaction as the broker. The combination of residential and commercial units within the lease adds to the diverse utility of the property.