Snipes Leases Retail Space At 1414 Kings Highway In Homecrest, Brooklyn
LEASED
New York
See Similar DealsRetail3,500 SF
Leased 04/01/2021
LEASED
Snipes Leases Retail Space At 1414 Kings Highway In Homecrest, Brooklyn
1414 Kings Highway, Homecrest, Brooklyn, NY, USA
See Similar DealsRetail3,500 SF
Leased 04/01/2021
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:3,500 SF
Transaction Type:Lease
Located at 1414 Kings Highway in the Homecrest market, this retail property was recently leased. The tenant, Snipes, signed a lease agreement for the space. The asking rent for the 3,500 square feet property was $90 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
Evan Clements & Joe Mastromonaco from Atlantic Retail represented Snipes as their tenant's representative in the deal. Meanwhile, Denis Abayev from Commercial Acquisitions Inc. served as the landlord's representative. The lease agreement was finalized on 04/01/2021.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$200,617.89
Total Lease Value
$2,006,178.88
Net Landlord Cash Flow$200,617.89
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