Utopia Swim Inc Leases Multifamily Property At 2442 Ocean Avenue, Brooklyn
LEASED
$40
New York
See Similar DealsMultiFamily3,000 SF
Leased 06/20/2024
LEASED
Utopia Swim Inc Leases Multifamily Property At 2442 Ocean Avenue, Brooklyn
2442 Ocean Avenue
See Similar DealsMultiFamily3,000 SF
Leased 06/20/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$40
Total Square Footage:3,000 SF
Transaction Type:Lease
The property at 2442 Ocean Avenue, located in Brooklyn, is a multifamily asset that was recently leased under a Modified Gross Lease agreement. The deal involved Lay Assets as the landlord and Utopia Swim Inc as the tenant. The leasing transaction was facilitated by Michael Gammal of Swift Retail Advisors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 2442 Ocean Avenue
- Market: Brooklyn
- Landlord: Lay Assets
- Tenant: Utopia Swim Inc
- Broker: Michael Gammal - Swift Retail Advisors
- Asking Rent: $40/ft
- SF: 3,000
- Lease Type: Modified Gross Lease
Michael Gammal from Swift Retail Advisors represented the involved parties in the leasing transaction, showcasing his expertise in navigating the deal between Lay Assets and Utopia Swim Inc for the property at 2442 Ocean Avenue.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$137,566.55
Total Lease Value
$1,375,665.52
Net Landlord Cash Flow$137,566.55
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