Hershey Grunfeld Leases Retail Space To Deli Grocery Market At 224 Third Avenue Brooklyn
LEASED
$100
New York
See Similar DealsRetail2,000 SF
Leased 11/25/2025
LEASED
Hershey Grunfeld Leases Retail Space To Deli Grocery Market At 224 Third Avenue Brooklyn
224 Third Avenue
See Similar DealsRetail2,000 SF
Leased 11/25/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$100
Total Square Footage:2,000 SF
Transaction Type:Lease
The property asset involved in the transaction is located at 224 Third Avenue in Brooklyn, encompassing a retail space with a total square footage of 2,000. The lease term established is for 10 years under a Modified Gross Lease structure, with an asking rent of $100 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $200,000
- Address: 224 Third Avenue
- Market: Brooklyn
- Landlord: Hershey Grunfeld
- Tenant: Deli/Grocery Market
- Landlord's Representative: Richard Babeck - Tri State Commercial Realty
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
The deal involved key individuals, including the landlord, Hershey Grunfeld, who provides the retail space, and the tenant, which is a Deli/Grocery Market. Richard Babeck from Tri State Commercial Realty represents the landlord in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$229,277.59
Total Lease Value
$2,292,775.86
Net Landlord Cash Flow$229,277.59
Is there something missing? Send suggestions