Beechwood Acquisitions Leases 5,000 SF Retail Space To Orbital Kitchens In Brooklyn For $100/ft

The property involved in this transaction is a retail asset located at 288 4th Avenue in the Brooklyn market. The lease terms include a modified gross lease with a rental asking price of $100 per square foot for a total area of 5,000 square feet over a term of 15 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $100/ft
• Lease Term: 15 Years
• Lease Type: Modified Gross Lease
• Landlord: Beechwood Acquisitions
• Tenant: Orbital Kitchens
• Landlord's Representative: Moshe Akiva - Momentum Realty Group
• Tenant's Representatives: Joseph Zalta - Platinum Commercial & Corey Mermelstein - Compass

This lease transaction was facilitated by key representatives, including Moshe Akiva of Momentum Realty Group, who represented the landlord, and the tenant's representatives Joseph Zalta from Platinum Commercial and Corey Mermelstein from Compass. Their involvement played a significant role in the successful negotiation of the lease agreement.