Isreal Family Leases Office Space At 3632 Nostrand Avenue To Free Steps Physical Therapy

The asset involved in this transaction is an office space located at 3632 Nostrand Avenue in Brooklyn. The lease covers a total area of 3,000 square feet, with an asking rent of $40 per square foot. The lease term negotiated is five years, categorized under a NNN lease structure.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $120,000
• Address: 3632 Nostrand Avenue
• Market: Brooklyn
• Landlord: Isreal Family
• Tenant: Free Steps Physical Therapy
• Brokers: Solomon Betesh & Jonathan Lib - Momentum Realty Group
• Lease Term: 5 years
• Lease Type: NNN Lease
• Asking Rent: $40/ft
• Square Footage: 3,000

Solomon Betesh and Jonathan Lib from Momentum Realty Group represent both parties in this transaction, facilitating the agreement between the Isreal Family, the landlord, and Free Steps Physical Therapy, the tenant, to finalize the lease. This deal aligns with the parties' requirements for a suitable leasing arrangement.