The Jemstone Group Leases Retail Space To J Leagues At 2044 Flatbush Avenue Brooklyn
LEASED
$45
New York
See Similar DealsRetail3,000 SF
Leased
LEASED
The Jemstone Group Leases Retail Space To J Leagues At 2044 Flatbush Avenue Brooklyn
2044 Flatbush Avenue
See Similar DealsRetail3,000 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$45
Total Square Footage:3000 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 2044 Flatbush Avenue in Brooklyn. This space encompasses a total of 3,000 square feet and is leased under a Modified Gross Lease agreement with an asking rent of $45 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Lease Type: Modified Gross Lease
- Landlord: The Jemstone Group
- Tenant: J Leagues
- Broker Representatives: Moshe Akiva & Mendel Sears - Tri State Commercial Realty
- Date of Transaction: 02/17/2025
The key individuals involved in this deal are Moshe Akiva and Mendel Sears, who represent the landlord, The Jemstone Group, in this transaction. Their expertise in commercial realty adds a significant dimension to the leasing process for this retail property.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$154,762.37
Total Lease Value
$1,547,623.71
Net Landlord Cash Flow$154,762.37
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