Wally Aklani Leases Retail Space At 267 Kent Avenue In Brooklyn For 10 Years

This transaction involves a retail asset located at 267 Kent Avenue in Brooklyn. The lease has an asking rent of $108 per square foot for a total space of 1,500 square feet. The lease term is set for 10 years under a Single Net Lease structure.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $162,000
• Lease Term: 10 Years
• Asking Rent: $108/ft
• Square Footage: 1,500
• Landlord: Schmool Baumhorn
• Tenant: Wally Aklani
• Landlord's Representative: Frederick Betesh & Richard Babeck - Tri State Commercial Realty
• Tenant's Representative: Sarkie Ampim

The deal includes notable representatives involved in the transaction. Frederick Betesh and Richard Babeck represent the landlord, Schmool Baumhorn, focusing on the retail market in Brooklyn. Sarkie Ampim represents the tenant, Wally Aklani, in this lease agreement. The landlord's representatives also mentioned that there is still additional space to lease in the building and the firm represents over 250 additional properties.