Zvi Gertz Leases Retail Space To Verizon On Kings Highway In Brooklyn For 5 Years

The property involved in this transaction is a retail asset located at 1623 Kings Highway in the Brooklyn market. The property has a square footage of 3,975 and is under a NNN lease agreement. The asking rent for the space is set at $120 per square foot.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $120/ft
• Square Footage: 3,975
• Address: 1623 Kings Highway
• Market: Brooklyn
• Landlord: Zvi Gertz
• Tenant: Verizon
• Broker: Josh Augenbaum - Augenbaum Realty
• Lease Term: 5 Years
• Lease Type: NNN Lease

The deal was brokered by Josh Augenbaum, who represented both the landlord and tenant in the transaction. Augenbaum Realty Corp. successfully renewed the lease for Verizon for another five years on this prime corner location.