Mizrahi Realty's Henry Mizrahi Leases Multifamily Space At 600 Degraw Street To Band Spaces NYC

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.