Luckin Coffee Leases Retail Space At 211 Schermerhorn Street Brooklyn With Landlord Moshe Shlesinger

The asset involved in this transaction is a retail space located at 211 Schermerhorn Street in Brooklyn. The asking rent for this space is $120 per square foot, with a total area of 1,400 square feet. The lease term is set for 10 years and follows a modified gross lease structure.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $168,000
• Address: 211 Schermerhorn Street
• Market: Brooklyn
• Landlord: Moshe Shlesinger
• Tenant: Luckin Coffee
• Landlord's Representative: Leo Beda - Tri State Commercial Realty
• Tenant's Representative: Jiangwei Zhou - Exp Commercial
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease

This transaction is characterized by the involvement of key individuals in the leasing process. Leo Beda represents the landlord, Moshe Shlesinger, while Jiangwei Zhou acts on behalf of the tenant, Luckin Coffee, ensuring both parties are effectively represented throughout the deal.