Einhorn Development Leases Mixed-Use Space To Professional Millwork At 124 4th Ave Brooklyn
LEASED
$100
New York
See Similar DealsMixed-use1,500 SF
Leased 02/02/2025
LEASED
Einhorn Development Leases Mixed-Use Space To Professional Millwork At 124 4th Ave Brooklyn
601 Baltic Street
See Similar DealsMixed-use1,500 SF
Leased 02/02/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$100
Total Square Footage:1,500 SF
Transaction Type:Lease
The property involved in the transaction is a mixed-use asset located at 124 4th Ave in Brooklyn. The asking rent for the space is $100 per square foot, with a total square footage of 1,500. The lease type for this transaction is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $150,000
- Address: 124 4th Ave
- Market: Brooklyn
- Landlord: Einhorn Development
- Tenant: Professional Millwork
- Landlord's Representative: Brendan Thrapp @BThrapp - Verada
- Tenant's Representative: Eddie Mamiye - MOD
The transaction featured key representatives including Brendan Thrapp from Verada, who acted on behalf of the landlord, Einhorn Development, and Eddie Mamiye from MOD, who represented the tenant, Professional Millwork. The agreement was finalized on February 2, 2025.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$171,958.19
Total Lease Value
$1,719,581.90
Net Landlord Cash Flow$171,958.19
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