Aurenza Inc Leases Retail Space At 1440 Fulton Street In Bed Stuy For $48 Per Ft

The asset involved in this transaction is a retail property located at 1440 Fulton Street in the Bed Stuy market. The lease was signed at an asking rent of $48 per square foot for a total space of 1,500 square feet. The lease term is set for 10 years under a modified gross lease agreement.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $48/ft
• Lease Term: 10 years
• Lease Type: Modified Gross Lease
• Landlord: SRMC Management
• Tenant: Aurenza Inc
• Brokers: Joey Sakkal - Tri State Commercial Realty & Victor Sefania - Momentum Realty Group

The deal features Joey Sakkal of Tri State Commercial Realty and Victor Sefania from Momentum Realty Group representing the landlord and tenant respectively. Their involvement played a crucial role in facilitating the lease agreement for the retail space.