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Chipotle Leases Retail Space At 1730 Bedford Avenue, Crown Heights, Brooklyn

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LEASED
$100

New York

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Retail2,700 SF
Leased 05/10/2024
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Property Image
LEASED

Chipotle Leases Retail Space At 1730 Bedford Avenue, Crown Heights, Brooklyn

1730 Bedford Avenue

See Similar Deals
Retail2,700 SF
Leased 05/10/2024
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$100
Total Square Footage:2,700 SF
Transaction Type:Lease

The retail property located at 1730 Bedford Avenue in Crown Heights, Brooklyn, was leased in a deal involving landlords Jack Gold and Rifka Sontag of Seventh Street Development and tenant Chipotle. The lease, a Modified Gross Lease type, has a term of 10 years with an asking rent of $100 per square foot for the 2,700 square feet space.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Landlord: Jack Gold & Rifka Sontag - Seventh Street Development
  • Tenant: Chipotle
  • Landlord's Representative: Josh Augenbaum - Augenbaum Realty (AugenbaumRealtyNY)
  • Tenant's Representative: Benjamin Weiner - Ripco
  • Address: 1730 Bedford Avenue
  • Market: Crown Heights, Brooklyn
  • Asking Rent: $100 per square foot
  • Size: 2,700 square feet
  • Lease Term: 10 years

The deal also mentions that there is additional space available, specifically 7,500 square feet on the ground floor. For more information, interested parties are encouraged to contact Josh Augenbaum at [email protected].

Players

Benjamin "Ben" Weiner
10 deals
BROKER

Josh Augenbaum
Augenbaum Realty
140 deals$652.8M volume(917) 417-7834
BROKER

Details

LEASED
IMAGE: Rifka Sontag, Jack Gold, Josh Augenbaum & Benjamin Weiner DATE: 05/10/2024 ADDRESS: 1730 Bedford Avenue MARKET: Crown Heights, Brooklyn ASSET TYPE: Retail LANDLORD: Jack Gold & Rifka Sontag - Seventh Street Development TENANT: Chipotle LANDLORD'S REP: Josh Augenbaum - Augenbaum Realty (AugenbaumRealtyNY) TENANT'S REP: Benjamin Weiner - Ripco (@RipcoRealEstate) ASKING RENT: $100/ft ~ SF: 2,700 LEASE TYPE: Modified Gross Lease LEASE TERM: 10 years NOTE FROM BROKER: 7500sf available on ground floor Dm [email protected] for more details..

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Deal Type
Effective Rent (Annual)

$309,524.74

Total Lease Value

$3,095,247.41

Net Landlord Cash Flow$309,524.74