Mizrahi Realty's Henry Mizrahi Leases Multifamily Space At 600 Degraw Street To Band Spaces NYC
LEASED
$40
New York
See Similar DealsMultiFamily12,000 SF
Leased 01/01/2025
LEASED
Mizrahi Realty's Henry Mizrahi Leases Multifamily Space At 600 Degraw Street To Band Spaces NYC
600 Degraw Street
See Similar DealsMultiFamily12,000 SF
Leased 01/01/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$40
Total Square Footage:12,000 SF
Transaction Type:Lease
The asset involved in this transaction is a multifamily property located at 600 Degraw Street in Brooklyn. It features a total square footage of 12,000 and is being leased at an asking rent of $40 per square foot. The lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $480,000
- Address: 600 Degraw Street
- Market: Brooklyn
- Landlord: Mizrahi Realty - Henry Mizrahi
- Tenant: Band Spaces NYC
- Broker: REQCE Commercial
- Lease Date: 01/01/2025
The deal involves Henry Mizrahi representing Mizrahi Realty as the landlord, while Band Spaces NYC is the tenant. REQCE Commercial facilitated the transaction, helping Band Spaces NYC secure their new location, which serves as a hub for musicians with various facilities from practice rooms to studios.
Players
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Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$550,266.21
Total Lease Value
$5,502,662.07
Net Landlord Cash Flow$550,266.21
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