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NHS Brooklyn Signs Modified Gross Lease At 1923 Surf Avenue, Coney Island, Brooklyn

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LEASED
$40

New York

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MultiFamily2,000 SF
Leased 12/05/2023
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Property Image
LEASED

NHS Brooklyn Signs Modified Gross Lease At 1923 Surf Avenue, Coney Island, Brooklyn

1923 Surf Avenue

See Similar Deals
MultiFamily2,000 SF
Leased 12/05/2023
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$40
Total Square Footage:2,000 SF
Transaction Type:Lease

The multifamily property located at 1923 Surf Avenue in Coney Island, Brooklyn has been leased. The landlord, LM Development, has entered into a lease agreement with the tenant, NHS Brooklyn. The lease was facilitated by Joseph Cohen of Tri State Commercial Realty, representing the landlord, and Meyer Dagmy of MOD, representing the tenant. The lease is a Modified Gross Lease with an asking rent of $40 per square foot for a total of 2,000 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Address: 1923 Surf Avenue, Coney Island, Brooklyn
  • Market: Coney Island, Brooklyn
  • Landlord: LM Development
  • Tenant: NHS Brooklyn
  • Landlord's Rep: Joseph Cohen - Tri State Commercial Realty
  • Tenant's Rep: Meyer Dagmy - MOD
  • Asking Rent: $40/ft
  • Lease Type: Modified Gross Lease

In this lease transaction, Joseph Cohen of Tri State Commercial Realty represented LM Development, the landlord. Meyer Dagmy of MOD represented the tenant, NHS Brooklyn. The lease agreement was a Modified Gross Lease with an asking rent of $40 per square foot for a total space of 2,000 square feet.

Players

Meyer Dagmy
88 deals$5.5M volume(718) 249-3613
BROKER

Joseph Cohen
Genesis Real Estate Group
4 deals
BROKER

Details

LEASED
IMAGE: Meyer Dagmy DATE: 12/05/2023 ADDRESS: 1923 Surf Avenue MARKET: Coney Island, Brooklyn ASSET TYPE: Multifamily LANDLORD: LM Development TENANT: NHS Brooklyn (@NHSBrooklyn) LANDLORD'S REP: Joseph Cohen - Tri State Commercial Realty (@TriStateCommercial) TENANT'S REP: Meyer Dagmy (@MOD_CRE) - MOD ASKING RENT: $40/ft ~ SF: 2,000 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$91,711.03

Total Lease Value

$917,110.34

Net Landlord Cash Flow$91,711.03