Yachad - Orthodox Union Leases Multifamily Space At 1950 Ocean Avenue Brooklyn For $35/ft
LEASED
$35
New York
See Similar DealsMultiFamily8,500 SF
Leased 12/01/2024
LEASED
Yachad - Orthodox Union Leases Multifamily Space At 1950 Ocean Avenue Brooklyn For $35/ft
1950 Ocean Avenue
See Similar DealsMultiFamily8,500 SF
Leased 12/01/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$35
Total Square Footage:8,500 SF
Transaction Type:Lease
The property involved in this transaction is a multifamily asset located at 1950 Ocean Avenue in the Brooklyn market. The lease type is a Modified Gross Lease, with an asking rent of $35 per square foot. The total square footage of the property is 8,500. The landlord for this transaction is Red Group NY, while the tenant is Yachad - Orthodox Union.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $35/ft
- Square Footage: 8,500
- Address: 1950 Ocean Avenue
- Market: Brooklyn
- Landlord: Red Group NY
- Tenant: Yachad - Orthodox Union
- Broker: Meyer Dagmy - MOD
- Lease Type: Modified Gross Lease
The deal was brokered by Meyer Dagmy from MOD, representing the interests of the landlord. This lease involves a lower level community facility space fitting the operations of the tenant, Yachad - Orthodox Union.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$341,050.41
Total Lease Value
$3,410,504.10
Net Landlord Cash Flow$341,050.41
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