The Reggio Emilia Montessori Center Leases Mixed-Use Property In East Flatbush
LEASED
$41
New York
See Similar DealsMixed-use3,850 SF
Leased 04/02/2024
LEASED
The Reggio Emilia Montessori Center Leases Mixed-Use Property In East Flatbush
3421 Glenwood Road
See Similar DealsMixed-use3,850 SF
Leased 04/02/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$41
Total Square Footage:3,850 SF
Transaction Type:Lease
The mixed-use property located at 3421 Glenwood Road in East Flatbush, Brooklyn, was leased to The Reggio Emilia Montessori Center. The landlord, Asher Berkowitz, facilitated the transaction with an asking rent of $41 per square foot for the 3,850-square-foot space.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 3421 Glenwood Road
- Market: East Flatbush, Brooklyn
- Landlord: Asher Berkowitz
- Tenant: The Reggio Emilia Montessori Center
- Broker: Jeff Goncalves - MySpace NYC
- Lease Type: Modified Gross Lease
- Lease Term: 10 Years
- Asking Rent: $41/ft ~ SF: 3,850
Jeff Goncalves from MySpace NYC represented the landlord, Asher Berkowitz, in the lease deal with The Reggio Emilia Montessori Center. The 10-year lease agreement was structured as a Modified Gross Lease, highlighting the commitment of the parties involved in this transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$180,957.33
Total Lease Value
$1,809,573.35
Net Landlord Cash Flow$180,957.33
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