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Cushman & Wakefield Represents Morgan & Morgan In Five-Year Retail Lease In Downtown Brooklyn
LEASED
New York
See Similar DealsRetail9,397 SF
Leased 11/03/2022
LEASED
Cushman & Wakefield Represents Morgan & Morgan In Five-Year Retail Lease In Downtown Brooklyn
203 Jay Street
See Similar DealsRetail9,397 SF
Leased 11/03/2022
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
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$538,630.37
Total Lease Value
$5,386,303.69
Net Landlord Cash Flow$538,630.37
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