Flora AI Leases Office Space At 300 Kent Avenue Brooklyn Represented By Nicholas Hein Of Nomad Group
LEASED
$75
New York
See Similar DealsOffice2,850 SF
Leased 05/01/2025
LEASED
Flora AI Leases Office Space At 300 Kent Avenue Brooklyn Represented By Nicholas Hein Of Nomad Group
300 Kent Avenue
See Similar DealsOffice2,850 SF
Leased 05/01/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$75
Total Square Footage:2,850 SF
Transaction Type:Lease
The asset involved in this transaction is located at 300 Kent Avenue in Brooklyn and is categorized as an office space. The asking rent for this property is set at $75 per square foot for a total area of 4,285 square feet. The lease term is established for a duration of 5 years, under a modified gross lease agreement.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $321,375
- Landlord: Two Trees
- Tenant: Flora AI
- Tenant's Representative: Nicholas Hein - Nomad Group
- Lease Term: 5 Years
- Lease Type: Modified Gross Lease
This transaction involves Two Trees as the landlord and Flora AI as the tenant, with Nicholas Hein of Nomad Group representing the tenant in this lease agreement. The modified gross lease structure signifies that specific costs are covered by the landlord while the tenant is responsible for some expenses during the lease term.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$245,040.42
Total Lease Value
$2,450,404.20
Net Landlord Cash Flow$245,040.42
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