Transcendental Meditation Signs Lease At 416 Atlantic Avenue In Downtown Brooklyn
LEASED
New York
See Similar DealsMixed-use1,500 SF
Leased 10/08/2018
LEASED
Transcendental Meditation Signs Lease At 416 Atlantic Avenue In Downtown Brooklyn
416 Atlantic Avenue, Brooklyn, NY 11217
See Similar DealsMixed-use1,500 SF
Leased 10/08/2018
Summary
NEW YORK
Asset Type:Mixed-use
Total Square Footage:1,500 SF
Transaction Type:Lease
Transcendental Meditation has signed a lease for a 1,500 square foot space located at 416 Atlantic Avenue in Downtown Brooklyn. The mixed-use property was leased for a term of 5 years with an asking rent of $64 per square foot.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Date: 10/08/2018
- Address: 416 Atlantic Avenue
- Market: Downtown Brooklyn
- Tenant: Transcendental Meditation
- Landlord: 416 Atlantic Avenue LLC - Tobias Kruhm
- Brokers: Nicole Liebman & Allie Beyda of Hudson
- Asking Rent: $64 per square foot
- Size: 1,500 square feet
Nicole Liebman and Allie Beyda of Hudson represented both the landlord, 416 Atlantic Avenue LLC, and the tenant, Transcendental Meditation, in this lease deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$85,979.09
Total Lease Value
$859,790.95
Net Landlord Cash Flow$85,979.09
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