Marine & Betsy Nail Salon Leases 1,010 SF At 450 Grand Avenue Brooklyn For 10 Years
450 Grand Avenue
$77
$77/SF
Building Size
1,010 SF
Asset Type
Mixed-use
Closing
Oct 22, 2025
AI
The property involved in this lease transaction is located at 450 Grand Avenue in Brooklyn. It is a mixed-use asset comprising six units, with a total square footage of 1,010. The asking rent for the space is $77 per square foot, and the lease term is set for 10 years under a NNN lease structure.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 450 Grand Avenue, Brooklyn
- Landlord: The Widdi Family
- Tenant: Marine & Betsy Nail Salon
- Landlord's Representative: John Le Vine, Joseph DiPiazza, Ryan Tooley (EXR)
- Tenant's Representative: Eli Deitsch (EXR)
- Lease Term: 10 Years
- Lease Type: NNN Lease
- Square Footage: 1,010
- Asking Rent: $77/ft
EXR played a significant role in this transaction by representing both the tenant and landlord, effectively facilitating the leasing of spaces at 450 Grand Avenue. The boutiques are located near Fulton Street, within the Putnam Triangle area, in Clinton Hill, Brooklyn. Ryan Tooley is available for inquiries related to availability and pricing for the remaining stores.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
206012.99%
Cash-on-Cash
-58879.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93