DOG PPL Leases 18000 SF Retail Space At 12 Berry Street Brooklyn From Landlord Steven Title
LEASED
$38
New York
See Similar DealsRetail18,000 SF
Leased 07/31/2024
LEASED
DOG PPL Leases 18000 SF Retail Space At 12 Berry Street Brooklyn From Landlord Steven Title
12 Berry Street
See Similar DealsRetail18,000 SF
Leased 07/31/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$38
Total Square Footage:18,000 SF
Transaction Type:Lease
The property asset involved in this transaction is located at 12 Berry Street in Brooklyn, classified as a retail space. The asking rent is set at $50 per square foot for a total area of 18,000 square feet. The lease type for this transaction is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $50/ft
- Square Footage: 18,000
- Address: 12 Berry Street
- Market: Brooklyn
- Landlord: Steven Title
- Tenant: DOG PPL
- Landlord's Rep: Richard Babeck & Avi Akiva - Tri State Commercial Realty
- Tenant's Rep: Blake Olson - Avison Young
This transaction highlights the involvement of key representatives in the deal, including Richard Babeck and Avi Akiva from Tri State Commercial Realty representing the landlord, and Blake Olson from Avison Young representing the tenant, DOG PPL.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$784,129.34
Total Lease Value
$7,841,293.45
Net Landlord Cash Flow$784,129.34
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