Jay Suites Leases 30,000 SF Office At 41 Flatbush Avenue Brooklyn For 15 Years

The property involved in this transaction is an office asset located at 41 Flatbush Avenue in Brooklyn. The asking rent for the property is $40 per square foot, and it encompasses a total area of 30,000 square feet. The lease term is set for 15 years and consists of a single net lease agreement.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,200,000
• Address: 41 Flatbush Avenue
• Market: Brooklyn
• Landlord: Quinlan Development Group
• Tenant: Jay Suites - Jack & Juda Srour
• Lease Term: 15 years
• Lease Type: Single Net Lease
• Asking Rent: $40/ft

Quinlan Development Group acts as the landlord in this transaction, while Jay Suites is represented by Jack & Juda Srour as the key individuals in the leasing deal. Their involvement signifies a notable partnership within the Brooklyn market.