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Stretch Lab Signs 10-Year Lease For Mixed-Use Property At 321 Court Street In Carroll Gardens, Brooklyn

Property Image
LEASED
$100
Christopher (Chris) Walther
Joseph Safdie
+ 1

New York

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Mixed-use2,000 SF
Leased 12/20/2023
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Property Image
LEASED

Stretch Lab Signs 10-Year Lease For Mixed-Use Property At 321 Court Street In Carroll Gardens, Brooklyn

321 Court Street

See Similar Deals
Mixed-use2,000 SF
Leased 12/20/2023
Christopher (Chris) Walther
Joseph Safdie
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$100
Total Square Footage:2,000 SF
Transaction Type:Lease

The mixed-use property located at 321 Court Street in Carroll Gardens, Brooklyn has recently been leased. The tenant, Stretch Lab, has signed a 10-year modified gross lease for a space measuring approximately 2,000 square feet. The asking rent for the lease was $100 per square foot.

Summary of transaction details:

  • Property Type: Mixed-use
  • Address: 321 Court Street, Carroll Gardens, Brooklyn
  • Market: Carroll Gardens, Brooklyn
  • Tenant: Stretch Lab
  • Landlord: Joseph Safdie - Court Street Partners
  • Landlord's Rep: Joey Kafif - Safdie Realty Group
  • Tenant's Rep: Chris Walther & Peter Yoon - Ripco
  • Asking Rent: $100/ft
  • Lease Type: Modified Gross Lease
  • Lease Term: 10 years

Safdie Realty Group (SRG), represented by Joey Kafif, served as the landlord's representative in this transaction. They specialize in representing landlords and tenants in various locations including Brooklyn, Bronx, Manhattan, and Queens. For further assistance in finding a new space or leasing out vacant spaces, you can contact Joey Kafif at [email protected].

Players

Joseph Safdie
16 deals$25.1M volume
BROKER


Peter Yoon
Ripco
4 deals
BROKER


TENANT

Details

LEASED
IMAGE: Joey Kafif, Chris Walther & Peter Yoon DATE: 12/20/2023 ADDRESS: 321 Court Street MARKET: Carroll Gardens, Brooklyn ASSET TYPE: Mixed-use LANDLORD: Joseph Safdie - Court Street Partners TENANT: Stretch Lab LANDLORD'S REP: Joey Kafif - Safdie Realty Group (@Safdie_Realty_Group) TENANT'S REP: Chris Walther & Peter Yoon - Ripco (@RipcoRealEstate) ASKING RENT: $100/ft ~ SF: 2,000 LEASE TYPE: Modified Gross Lease LEASE TERM: 10 years NOTE FROM LANDLORD'S REP: Safdie Realty Group (SRG) Representing landlords and tenants in Brooklyn, Bronx, Manhattan, and Queens. Contact Joey Kafif at [email protected] for assistance in finding a new space or leasing out your vacant spaces!

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Deal Type
Effective Rent (Annual)

$229,277.59

Total Lease Value

$2,292,775.86

Net Landlord Cash Flow$229,277.59