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Tacos Atla Secures 10-Year Lease For Williamsburg Space On North Fifth Street

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LEASED
$120

New York

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Retail2,800 SF
Leased 06/14/2023
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Property Image
LEASED

Tacos Atla Secures 10-Year Lease For Williamsburg Space On North Fifth Street

142 N 5th St Brooklyn, NY 11211, USA

See Similar Deals
Retail2,800 SF
Leased 06/14/2023
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:2,800 SF
Transaction Type:Lease

Tacos Atla, a popular taco restaurant, is set to open in Williamsburg, Brooklyn this fall. The restaurant has secured a 10-year lease for a 2,800-square-foot space at a prime location on Bedford Avenue and North Fifth Street. The lease terms are set at $120 per square foot, resulting in an asking rent of approximately $336,000 per year.

Summary of transaction details

Richard Babeck from Tri State Commercial Realty represented the landlord, Metropolitan Avenue Associates, in the lease transaction. Max Talpalar from Green Owl Real Estate represented the tenant, Tacos Atla. This deal represents a significant opportunity for Tacos Atla to establish a presence in the popular Williamsburg neighborhood.

Players

Richard Babeck
20 deals$3.5M volume(212) 433-3355
BROKER

Max Talpalar
Green Owl Real Estate
3 deals
BROKER

LANDLORD

Details

LEASED
IMAGE: Richard Babeck & Max Talpalar DATE: 06/14/2023 ADDRESS: 142 North Fifth Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Retail LANDLORD: Metropolitan Avenue Associates TENANT: Tacos Atla LANDLORD'S REP: Richard Babeck - Tri State Commercial Realty TENANT'S REP: Max Talpalar - Green Owl Real Estate ASKING RENT: $120/ft. ~ SF: 2,800 LEASE TERMS: 10-year lease NOTE: Tacos Atla, a popular taco restaurant, is set to open in Williamsburg, Brooklyn this fall. The restaurant has secured a 10-year lease for a 2,800-square-foot space at a prime location on Bedford Avenue and North Fifth Street.

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Deal Type
Effective Rent (Annual)

$385,186.34

Total Lease Value

$3,851,863.45

Net Landlord Cash Flow$385,186.34