Michael Lonuzzi Leases Retail Space To Jeema At 2875 West 8th Street In Brooklyn
LEASED
$60
New York
See Similar DealsRetail800 SF
Leased 05/14/2025
LEASED
Michael Lonuzzi Leases Retail Space To Jeema At 2875 West 8th Street In Brooklyn
2875 West 8th Street
See Similar DealsRetail800 SF
Leased 05/14/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:800 SF
Transaction Type:Lease
This retail asset is located at 2875 West 8th Street in the Brooklyn market. The property spans 800 square feet with an asking rent of $60 per square foot. The lease type is a Modified Gross Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Address: 2875 West 8th Street
- Market: Brooklyn
- Landlord: Michael Lonuzzi
- Tenant: Jeema
- Brokers: Noam Aziz & Daniel Rachline - Meridian Capital Group
- Lease Type: Modified Gross Lease
- Square Footage: 800
Noam Aziz and Daniel Rachline from Meridian Capital Group represented the landlord, Michael Lonuzzi, in this leasing transaction with the tenant Jeema. The deal is part of the retail leasing market activities in Brooklyn.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$55,026.62
Total Lease Value
$550,266.21
Net Landlord Cash Flow$55,026.62
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