Augenbaum Realty Corp. Represents Olgam Life In 10-Year Retail Lease On Flatbush Ave, NYC
LEASED
$50
New York
See Similar DealsRetail13,550 SF
Leased 07/12/2022
LEASED
Augenbaum Realty Corp. Represents Olgam Life In 10-Year Retail Lease On Flatbush Ave, NYC
1584 Flatbush AveBrooklyn, NY 11210, USA & 1584 Flatbush Avenue, Brooklyn, New York 11210, United States
See Similar DealsRetail13,550 SF
Leased 07/12/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$50
Total Square Footage:13,550 SF
Transaction Type:Lease
Eddie Mizrachi and Soly A. Bawabeh have leased their retail property located at 1584 Flatbush Avenue in New York City. The tenant, Olgam Life, has signed a 10-year lease agreement for the space.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Asking Rent: $50/ft., SF: 11,000
- Lease Term: 10 years
- Landlord: Eddie Mizrachi & Soly A. Bawabeh
- Tenant: Olgam Life
- Broker: Josh Augenbaum - Augenbaum Realty Corp
Josh Augenbaum from Augenbaum Realty Corp represented the landlord, Eddie Mizrachi and Soly A. Bawabeh, in the leasing deal.
Players
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$776,677.82
Total Lease Value
$7,766,778.23
Net Landlord Cash Flow$776,677.82
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