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Cushman & Wakefield Represents Morgan & Morgan In Five-Year Retail Lease In Downtown Brooklyn

Property Image
LEASED
$50
Joseph (Joe) Cirone
Charles Borrok
+ 3

New York

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Retail9,397 SF
Leased 11/03/2022
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Property Image
LEASED

Cushman & Wakefield Represents Morgan & Morgan In Five-Year Retail Lease In Downtown Brooklyn

203 Jay Street

See Similar Deals
Retail9,397 SF
Leased 11/03/2022
Joseph (Joe) Cirone
Charles Borrok
+ 3
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$50
Total Square Footage:9,397 SF
Transaction Type:Lease

AmTrust RE has leased a retail space located at 203 Jay Street in Downtown Brooklyn. The property, spanning 9,397 square feet, was leased to tenant Morgan & Morgan. The lease terms are set for five years. The asking rent for the space was $50 per square foot.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 203 Jay Street
  • Market: Downtown Brooklyn
  • Tenant: Morgan & Morgan
  • Landlord: AmTrust RE
  • Asking Rent: $50/ft.
  • Square Footage: 9,397
  • Lease Terms: Five-year lease

The lease transaction was facilitated by brokers Charles Borrok, Patrick Dugan, Remy Liebersohn, Jon Fales, Michelle Mean, Joseph Cirone, Kevin Hammond, Jeffrey Sweeney, and Carlisle Wheeler of Cushman & Wakefield.

Players

Patrick Dugan
9 deals$180M volume
BROKER

Remy Liebersohn
5 deals
BROKER

Jeffrey (Jeff) Sweeney
Cushman & Wakefield
3 deals$4M volume
BROKER

Charles Borrok
Cushman & Wakefield
1 deal
BROKER



LANDLORD

Details

LEASED
IMAGE: Jon Fales, Remy Liebersohn, Jeffrey Sweeney, Michelle Mean, Charles Borrok, Patrick Dugan, Joseph Cirone & Kevin Hammond DATE: 11/03/2022 ADDRESS: 203 Jay Street MARKET: Downtown Brooklyn ASSET TYPE: Retail LANDLORD: AmTrust RE TENANT: Morgan & Morgan BROKERS: Charles Borrok, Patrick Dugan, Remy Liebersohn, Jon Fales, Michelle Mean, Joseph Cirone, Kevin Hammond, Jeffrey Sweeney & Carlisle Wheeler - Cushman & Wakefield ASKING RENT: $50/ft. ~ SF: 9,397 LEASE TERMS: Five-year lease

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Deal Type
Effective Rent (Annual)

$538,630.37

Total Lease Value

$5,386,303.69

Net Landlord Cash Flow$538,630.37