Fred Astaire Dance Studio Leases Retail Space At 128 Montague Street In Brooklyn
LEASED
$108
New York
See Similar DealsRetail1,328 SF
Leased 01/11/2023
LEASED
Fred Astaire Dance Studio Leases Retail Space At 128 Montague Street In Brooklyn
128 Montague Street
See Similar DealsRetail1,328 SF
Leased 01/11/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$108
Total Square Footage:1,328 SF
Transaction Type:Lease
The Fred Astaire Dance Studio has signed a lease for a retail space located at 128 Montague Street in Brooklyn. The property spans approximately 1,328 square feet and the leasing term is set for 20 years. The asking rent for the space is $108 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 12/23/2023
- Address: 128 Montague Street
- Market: Brooklyn
- Tenant: Fred Astaire Dance Studio
- Landlord's Rep: Jack Mishaan - BH Realty Group
- Tenant's Rep: Claude Kolb - KSR
- Asking Rent: $108/ft
- Size: 1,328 square feet
- Lease Term: 20 years
The deal was facilitated by Jack Mishaan of BH Realty Group, representing the landlord, and Claude Kolb of KSR, representing the tenant. The Fred Astaire Dance Studio will bring its renowned dance program to the vibrant neighborhood of Montague Street in Brooklyn.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$164,419.54
Total Lease Value
$1,644,195.43
Net Landlord Cash Flow$164,419.54
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