Paris Baguette Leases Retail Space At 1602 Kings Highway Brooklyn For 10 Years

The property involved in this transaction is a retail asset located at 1602 Kings Highway in Brooklyn. The asset has a gross square footage of 2,500 square feet and has been leased under a single net lease agreement for a term of 10 years. The asking rent for this property is $120 per foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $300,000
• Address: 1602 Kings Highway
• Market: Brooklyn
• Landlord: Arthur Vayner
• Tenant: Paris Baguette
• Brokers: Solomon Betesh & Jonathan Lib - Momentum Realty Group
• Lease Term: 10 Years
• Lease Type: Single Net Lease

The key individuals involved in this transaction include Arthur Vayner as the landlord, and Paris Baguette as the tenant. The brokerage services were provided by Solomon Betesh and Jonathan Lib from Momentum Realty Group, who represented the landlord in this lease agreement.