Olgam Life Leases Retail Space At 1539 Pitkin Ave. In Brownsville From Muhammed Sultan
LEASED
$35
New York
See Similar DealsRetail8,500 SF
Leased 08/05/2022
LEASED
Olgam Life Leases Retail Space At 1539 Pitkin Ave. In Brownsville From Muhammed Sultan
1539 Pitkin Avenue
See Similar DealsRetail8,500 SF
Leased 08/05/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$35
Total Square Footage:8,500 SF
Transaction Type:Lease
The retail property located at 1539 Pitkin Ave in Brownsville has been leased. The asset encompasses approximately 8,500 square feet. The landlord, Muhammed Sultan, has agreed to lease the property to the tenant, Olgam Life. The lease transaction was facilitated by Josh Augenbaum from Augenbaum Realty Corp, who served as the tenant's representative, and Michelle Abramov from Ripco Real Estate, who represented the landlord.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1539 Pitkin Ave, Brownsville
- Market: Brownsville
Josh Augenbaum from Augenbaum Realty Corp represented Olgam Life as their representative in the lease deal. Michelle Abramov from Ripco Real Estate acted as the landlord's representative. The lease was agreed upon at an asking rent of $35 per square foot for the 8,500 square feet of space.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$341,050.41
Total Lease Value
$3,410,504.10
Net Landlord Cash Flow$341,050.41
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