Hershey Grunfeld Leases Retail Space To Deli Grocery Market At 224 Third Avenue Brooklyn

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.