Yummy Picks Leases Retail Space At 101 Smith Street In Brooklyn Through Josh Sarraf And Aric Trakhtenberg
LEASED
New York
See Similar DealsRetail600 SF
Leased 11/26/2024
LEASED
Yummy Picks Leases Retail Space At 101 Smith Street In Brooklyn Through Josh Sarraf And Aric Trakhtenberg
101 Smith Street
See Similar DealsRetail600 SF
Leased 11/26/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$200
Total Square Footage:600 SF
Transaction Type:Lease
The retail property located at 101 Smith Street in Brooklyn has a square footage of 600. The asset is now leased to Yummy Picks at an asking rent of $200 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120,000
- Landlord: BFC Partners
- Tenant: Yummy Picks
- Landlord's Representative: Aric Trakhtenberg - Newmark
- Tenant's Representative: Josh Sarraf - ARA
- Lease Type: Retail Lease
Aric Trakhtenberg represents BFC Partners in this transaction, while Josh Sarraf represents Yummy Picks. The lease arrangement reflects a strategic partnership between the landlord and tenant, emphasizing the collaborative nature of this retail deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$137,566.55
Total Lease Value
$1,375,665.52
Net Landlord Cash Flow$137,566.55
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