Simon Dushinsky Leases Retail Space To Popular Bank At 11 Gerry Street Brooklyn For 10 Years
LEASED
$75
New York
See Similar DealsRetail2,300 SF
Leased 08/21/2025
LEASED
Simon Dushinsky Leases Retail Space To Popular Bank At 11 Gerry Street Brooklyn For 10 Years
11 Gerry Street
See Similar DealsRetail2,300 SF
Leased 08/21/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:2,300 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 11 Gerry Street in Brooklyn. The asking rent for the space is $75 per square foot, covering a total area of 2,300 square feet. The lease term is set for 10 years, and it operates under a single net lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75/ft
- Address: 11 Gerry Street
- Market: Brooklyn
- Lease Term: 10 Years
- Lease Type: Single Net Lease
- Landlord: Simon Dushinsky
- Tenant: Popular Bank
- Tenant's Rep: Josh Augenbaum & Chaim Zagelbaum - Augenbaum Realty
Key individuals involved in this transaction include the landlord, Simon Dushinsky, and the tenant, Popular Bank. The transaction was represented by Josh Augenbaum and Chaim Zagelbaum from Augenbaum Realty, acting on behalf of the tenant in securing the lease agreement.
Players
BROKERAGE
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$197,751.92
Total Lease Value
$1,977,519.18
Net Landlord Cash Flow$197,751.92
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