The property involved in this transaction is an office space located at 590 Smith Street in Brooklyn, with a total area of 14,000 square feet. The asking rent for the lease was set at $13 per square foot. The lease type for this transaction is classified as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $13/ft
• Address: 590 Smith Street
• Market: Brooklyn
• Landlord: Aharon Bloomfeld
• Tenant: Lennys Electronic Repair
• Brokers: Jack Sardar & Frederick Betesh - Tri State Commercial Realty
• Lease Duration: 6-month assignment
• Vacancy Duration: 5 years

Jack Sardar and Frederick Betesh successfully completed this leasing assignment, managing to lease both spaces within 30-45 days of each other. They noted an increasing influx of tenants in Redhook resulting from the Gowanus rezoning. Their contact information is provided for landlords seeking to lease or sell available spaces and for tenants or buyers searching for specific properties.