Stony Pine Adult Day Care Leases Mixed-Use Space At 1499 Bedford Avenue In Brooklyn

The property involved in this transaction is a mixed-use asset located at 1499 Bedford Avenue in Brooklyn. The lease for this property was agreed upon at an asking rent of $32 per square foot, covering a total of 8,000 square feet. The lease term is set for 10 years, under a modified gross lease agreement.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: $32/ft
• Address: 1499 Bedford Avenue
• Market: Brooklyn
• Landlord: Neil Einhorn
• Tenant: Stony Pine Adult Day Care
• Broker: Mendel Sears - Tri State Commercial Realty
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease

Key individuals involved in this transaction include Neil Einhorn, who is the landlord, and Stony Pine Adult Day Care, the tenant securing the lease. The deal was facilitated by broker Mendel Sears, representing Tri State Commercial Realty in the transaction.