EXR Represents Both Landlord And Tenant In 15-Year Lease At 800-800A Franklin Avenue, Brooklyn Multifamily Property
LEASED
New York
See Similar DealsMultiFamily1,450 SF
Leased 12/14/2018
LEASED
EXR Represents Both Landlord And Tenant In 15-Year Lease At 800-800A Franklin Avenue, Brooklyn Multifamily Property
800a Franklin Avenue, Brooklyn, NY, 11238, USA
See Similar DealsMultiFamily1,450 SF
Leased 12/14/2018
Summary
NEW YORK
Asset Type:MultiFamily
Total Square Footage:1,450 SF
Transaction Type:Lease
A multifamily property located at 800-800A Franklin Avenue in Brooklyn has been leased for a term of 15 years. The property spans 1,450 square feet and was leased for an asking price of $100. The tenant is Franklin Organics and the landlord is Elcorno Martin. Brokers David Dubinsky and Mac Posner of EXR represented both the landlord and the tenant in this transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $100
- Address: 800-800A Franklin Avenue
- Market: Brooklyn
- Square Footage: 1,450
- Term: 15 years
- Tenant: Franklin Organics
- Landlord: Elcorno Martin
- Brokers: David Dubinsky & Mac Posner of EXR
David Dubinsky and Mac Posner of EXR played a crucial role in representing both the landlord and the tenant in this lease transaction for the multifamily property on Franklin Avenue in Brooklyn.
Players
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$83,113.13
Total Lease Value
$831,131.25
Net Landlord Cash Flow$83,113.13
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