Starbucks Leases Retail Space In Midwood, Brooklyn At 1520 Avenue J With Broker Joseph Cohen From Tri State Commercial Realty
LEASED
$100
New York
See Similar DealsRetail2,000 SF
Leased 08/17/2023
LEASED
Starbucks Leases Retail Space In Midwood, Brooklyn At 1520 Avenue J With Broker Joseph Cohen From Tri State Commercial Realty
1520 Avenue J, Brooklyn, NY 11230
See Similar DealsRetail2,000 SF
Leased 08/17/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$100
Total Square Footage:2,000 SF
Transaction Type:Lease
The retail property located at 1520 Avenue J in Midwood, Brooklyn has recently been leased. The property spans a total of 2,000 square feet and is currently occupied by Starbucks. The landlord of the property is YPHS - Alan Malah. The lease transaction was facilitated by Joseph Cohen of Tri State Commercial Realty.
Summary of transation details
- Property Type: Retail
- Asking Rent: $100/ft
- Square Footage: 2,000
- Date: 08/17/2023
- Address: 1520 Avenue J, Brooklyn
- Market: Midwood
In this lease deal, Joseph Cohen of Tri State Commercial Realty acted as the broker, representing the tenant Starbucks. The lease was secured with an asking rent of $100 per square foot.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$229,277.59
Total Lease Value
$2,292,775.86
Net Landlord Cash Flow$229,277.59
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