A 1,300 square foot retail space located at 20 Rockaway Avenue in Ocean Hill, Brooklyn is now available for lease. The property is represented by David Malul of Elite Homes NYC Inc. The landlord, Rukca Rehov, has entered into a lease agreement with the tenant, Samsan Mozhb, for a term of 10 years with a 3% annual escalation. The lease is of the NNN type, with an asking rent of $55.3 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: Not applicable
• Address: 20 Rockaway Avenue
• Market: Ocean Hill, Brooklyn
• Landlord: Rukca Rehov
• Tenant: Samsan Mozhb
• Broker: David Malul - Elite Homes NYC Inc
• Asking Rent: $55.3 per square foot
• Lease Type: NNN Lease
• Lease Term: 10-year lease + 3% escalation per year

This deal brings together Rukca Rehov as the landlord and Samsan Mozhb as the tenant for a retail lease at 20 Rockaway Avenue. The lease agreement, facilitated by broker David Malul of Elite Homes NYC Inc, spans a 10-year term with a yearly rent escalation of 3%. With an asking rent of $55.3 per square foot, this lease offers a valuable opportunity in the Ocean Hill market.