Gabe Levy Leases Retail Space To Leader Clothing On Coney Island Avenue For 10 Years
LEASED
$30
New York
See Similar DealsRetail2,000 SF
Leased 10/31/2025
LEASED
Gabe Levy Leases Retail Space To Leader Clothing On Coney Island Avenue For 10 Years
1368 Coney Island Avenue
See Similar DealsRetail2,000 SF
Leased 10/31/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$30
Total Square Footage:2,000 SF
Transaction Type:Lease
The retail asset located at 1368 Coney Island Avenue in Brooklyn has a lease agreement established with Leader Clothing. The asking rent for this property is $30 per square foot, covering an area of 2,000 square feet. The lease term is set for 10 years and is structured as a modified gross lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30/ft
- Lease Term: 10 years
- Landlord: Gabe Levy
- Tenant: Leader Clothing
- Landlord's Representative: Jack Sardar - Tri State Commercial Realty
- Tenant's Locations: 50+ worldwide
Jack Sardar from Tri State Commercial Realty represents the landlord, Gabe Levy, in this leasing transaction, facilitating the agreement with tenant Leader Clothing. The tenant's presence is notable as they operate over 50 locations globally.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$68,783.28
Total Lease Value
$687,832.76
Net Landlord Cash Flow$68,783.28
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