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EXR Brokers Facilitate Sale Of Freestanding Retail Property On Kent Avenue

Property Image
LEASED
Chandler Slate
Brendan Thrapp
+ 2

New York

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Retail6,050 SF
Leased
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Property Image
LEASED

EXR Brokers Facilitate Sale Of Freestanding Retail Property On Kent Avenue

291 Kent Ave, Brooklyn, NY 11249, USA

See Similar Deals
Retail6,050 SF
Leased
Chandler Slate
Brendan Thrapp
+ 2
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Summary

NEW YORK
Asset Type:Retail
Total Square Footage:6050 SF
Transaction Type:Lease

Located at 291 Kent Avenue in Brooklyn's Williamsburg neighborhood, this freestanding retail property recently changed hands in a closed transaction. The property spans 6,050 square feet and was listed with an asking price of $40,000, resulting in a price per square foot of $79.40.

Summary of transaction details:

  • Property Type: Freestanding Retail
  • Transaction Amount: $40,000
  • Address: 291 Kent Avenue, Brooklyn, Williamsburg
  • Market: Brooklyn, Williamsburg
  • Landlord: MYT Properties – Yidel & Toby Hirsch
  • Tenant: Blend
  • Brokers: Alan Chabbott, Brad Krosser, Brendan Thrapp – EXR, Chandler Slate – Tri State Commercial

The deal was facilitated by a team of brokers including Alan Chabbott, Brad Krosser, Brendan Thrapp from EXR, and Chandler Slate from Tri State Commercial. Bringing their expertise and knowledge of the market, they successfully represented the landlord, MYT Properties – Yidel & Toby Hirsch, in this transaction. The involvement of Blend as the tenant adds another layer to the deal, highlighting their interest in this prime retail location.

Players

2 deals(516) 776-0363
BROKER


Brendan Thrapp
19 deals$7.7M volume(201) 787-9679
BROKER

Chandler Slate
Tri State Commercial Realty
33 deals$10.7M volume
BROKER

Details

LEASED
IMAGE: Alan Chabbott, Brad Krosser, Brendan Thrapp, Chandler Slate DATE: 07/01/2019 ADDRESS: 291 Kent Avenue MARKET: Brooklyn, Williamsburg ASSET TYPE: Freestanding Retail LANDLORD: MYT Properties – Yidel & Toby Hirsch TENANT: Blend BROKERS: Alan Chabbott, Brad Krosser, Brendan Thrapp – EXR, Chandler Slate – Tri State Commercial ASKING PRICE: $40,000 PPSF: $79.40 SF: 6,050

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Deal Type
Effective Rent (Annual)

$346,782.35

Total Lease Value

$3,467,823.49

Net Landlord Cash Flow$346,782.35