Simon Dushinsky Leases Retail Space To Popular Bank At 11 Gerry Street Brooklyn For 10 Years

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.