Jared Smith Leases Mixed-Use Property On Pitkin Avenue, Brooklyn For $45/ft
LEASED
$45
New York
See Similar DealsMixed-use10,000 SF
Leased 06/26/2024
LEASED
Jared Smith Leases Mixed-Use Property On Pitkin Avenue, Brooklyn For $45/ft
1719 Pitkin Avenue
See Similar DealsMixed-use10,000 SF
Leased 06/26/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$45
Total Square Footage:10,000 SF
Transaction Type:Lease
The mixed-use property located at 1719 Pitkin Avenue in Brownsville, Brooklyn, was leased on 06/26/2024. The property spans 10,000 square feet with an asking rent of $45 per square foot. The landlord is Shurk Ayala, and the tenant is Jared Smith. The lease type is NNN Lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not available
- Address: 1719 Pitkin Avenue
- Market: Brownsville, Brooklyn
- Landlord: Shurk Ayala
- Tenant: Jared Smith
- Broker: David Malul - Elite Homes NYC
- Asking Rent: $45/ft
- Lease Type: NNN Lease
David Malul from Elite Homes NYC facilitated the lease transaction, acting as the broker in this deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$515,874.57
Total Lease Value
$5,158,745.69
Net Landlord Cash Flow$515,874.57
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