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Family Dollar Stores Leases Retail Space On Utica Avenue In Brooklyn With Brokers Richard Senior & Chris Walther @RIPCORealEstate

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LEASED

New York

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Retail10,000 SF
Leased 07/16/2020
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Property Image
LEASED

Family Dollar Stores Leases Retail Space On Utica Avenue In Brooklyn With Brokers Richard Senior & Chris Walther @RIPCORealEstate

1973 Utica Avenue, Brooklyn, NY, 11234, USA

See Similar Deals
Retail10,000 SF
Leased 07/16/2020
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Summary

NEW YORK
Asset Type:Retail
Total Square Footage:10,000 SF
Transaction Type:Lease

Located at 1973-1979 Utica Avenue in Brooklyn, this retail property was recently leased. The property spans approximately 10,000 square feet and is owned by American Properties, specifically David Podolsky and Michael Podolsky. The tenant in this transaction is Family Dollar Stores, a well-known retail chain. The deal was facilitated by Richard Senior and Chris Walther from RIPCO Real Estate.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: 07/16/2021
  • Market: Brooklyn
  • Tenant: Family Dollar Stores
  • Landlord: American Properties - David Podolsky & Michael Podolsky
  • Brokers: Richard Senior & Chris Walther @RIPCORealEstate
  • Asking Rent: $30/ft.

This lease transaction not only highlights the property and the tenant involved but also the key individuals and companies that played a role in the deal. American Properties, specifically David Podolsky and Michael Podolsky, acted as the landlords in this transaction, while Richard Senior and Chris Walther from RIPCO Real Estate represented the tenant, Family Dollar Stores. This lease transaction further reflects the ongoing activity and growth in the Brooklyn market.

Players

Richard Senior
12 deals$11.9M volume
BROKER

Details

LEASED
IMAGE: Richard Senior, Chris Walther & Esther Bukai DATE: 07/16/2021 ADDRESS: 1973-1979 Utica Avenue MARKET: Brooklyn ASSET TYPE: Retail TENANT: Family Dollar Stores LANDLORD: American Properties - David Podolsky & Michael Podolsky BROKERS: Richard Senior & Chris Walther @RIPCORealEstate ASKING RENT: $30/ft. ~ SF: 10,000

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Deal Type
Effective Rent (Annual)

$573,193.97

Total Lease Value

$5,731,939.66

Net Landlord Cash Flow$573,193.97