Morgan & Morgan Signs 5-Year Retail Lease In Downtown Brooklyn
LEASED
New York
See Similar DealsRetail9,397 SF
Leased 11/03/2022
LEASED
Morgan & Morgan Signs 5-Year Retail Lease In Downtown Brooklyn
203 Jay Street, Brooklyn, New York 11201, United States
See Similar DealsRetail9,397 SF
Leased 11/03/2022
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:9,397 SF
Transaction Type:Lease
A five-year lease has been signed for a retail space located at 203 Jay Street in Downtown Brooklyn. The property, measuring approximately 9,397 square feet, was leased by tenant Morgan & Morgan. The landlord, AmTrust RE, facilitated the transaction at an asking rent of $50 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 203 Jay Street
- Market: Downtown Brooklyn
Leading the deal on behalf of the tenant was Charles Borrok, Patrick Dugan, Remy Liebersohn, Jon Fales, Michelle Mean, Joseph Cirone, Kevin Hammond, Jeffrey Sweeney, and Carlisle Wheeler from Cushman & Wakefield. They represented Morgan & Morgan in securing the lease agreement with AmTrust RE.
Players
BROKERAGE
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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