Williamsburg Market Signs Lease For Retail Space At 103 N. 3rd Street In Williamsburg
LEASED
New York
See Similar DealsRetail9,390 SF
Leased 03/10/2022
LEASED
Williamsburg Market Signs Lease For Retail Space At 103 N. 3rd Street In Williamsburg
103 North 3rd Street, Brooklyn, New York 11249, United States
See Similar DealsRetail9,390 SF
Leased 03/10/2022
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:9,390 SF
Transaction Type:Lease
A retail property located at 103 N. 3rd Street in Williamsburg has been leased. The property spans approximately 9,390 square feet and was leased to Williamsburg Market. The deal was facilitated by Cameron Schur of Moonrise Hospitality Group, representing the tenant. The landlord, LENY, was represented by Brendan Reichenbacher and Garry Steinberg of Lee & Associates.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not available
- Date: 03/10/2022
- Market: Williamsburg
- Tenant: Williamsburg Market
- Tenant's Rep: Matthew Fogel – Kassin Sabbagh Realty
- Landlord: LENY
- Landlord's Rep: Brendan Reichenbacher & Garry Steinberg - Lee & Associates
- Asking Rent: $150/ft.
A new food hall is set to open in the property in Summer 2022, as mentioned in a note from the broker.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$538,229.13
Total Lease Value
$5,382,291.34
Net Landlord Cash Flow$538,229.13
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