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450 Grand Avenue

Marine & Betsy Nail Salon Leases 1,010 SF At 450 Grand Avenue Brooklyn For 10 Years
LEASEDMixed-use

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

Joseph DiPiazza

EXR

Broker

$50.6M

vol

36 deals

Broker
EXR
EXRBrokerage

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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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