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K9 Resorts Luxury Pet Hotel Leases Retail Space In Dumbo, Brooklyn

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LEASED
$42
Eddie Keda
Raj Whadwa
+ 2

New York

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Retail16,187 SF
Leased 05/17/2024
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Property Image
LEASED

K9 Resorts Luxury Pet Hotel Leases Retail Space In Dumbo, Brooklyn

295 Frost Street

See Similar Deals
Retail16,187 SF
Leased 05/17/2024
Eddie Keda
Raj Whadwa
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$42
Total Square Footage:16,187 SF
Transaction Type:Lease

The property located at 295 Front Street in Dumbo, Brooklyn, is a retail asset with an asking rent of $42 per square foot and a total square footage of 16,187. The lease type for this property is a Single Net Lease, with a lease term of 15 years plus an additional 5 years. The landlord, Eliezer Breco, was represented by Frederick Betesh, Chandler Slate, and Eddie Keda from Tri State Commercial Realty. The tenant in this transaction was K9 Resorts Luxury Pet Hotel, represented by Raj Whadwa and Frank Dasaro from Global Realty Services.

Summary of transaction details:

295 Front Street, situated on the border of Vinegar Hill and DUMBO in Brooklyn, NY, was originally built as a factory in the early 1900s and later transformed into a 7-story office and retail building in 2018. The building spans 75,500 square feet across 7 floors and a lower level. Tri State Commercial Realty undertook the project in April 2022, taking on a previously vacant office building and helping the landlord optimize the space, resulting in nearly full occupancy.

Players

Chandler Slate
33 deals$10.7M volume
BROKER

Raj Whadwa
Global Realty Services
22 deals$129.4M volume(516) 316-0722
BROKER


Frederick Betesh
Tri State Commercial Realty
18 deals$28.2M volume(646) 828-8928
BROKER

Details

LEASED
IMAGE: Frederick Betesh, Chandler Slate, Eddie Keda, Raj Whadwa & Frank Dasaro DATE: 05/17/2024 ADDRESS: 295 Front Street MARKET: Dumbo, Brooklyn ASSET TYPE: Retail LANDLORD: Eliezer Breco TENANT: K9 Resorts Luxury Pet Hotel LANDLORD'S REP: Frederick Betesh, Chandler Slate (@Chandler.Slate), Eddie Keda (@EddieKed.a) - Tri State Commercial Realty (@TriStateCommercial) TENANT'S REP: Raj Whadwa (@RajWhadwa) & Frank Dasaro - Global Realty Services ASKING RENT: $42/ft ~ SF: 16,187 LEASE TYPE: Single Net Lease LEASE TERM: 15 + 5 Years NOTE FROM LANDLORD'S REP: 295 Front Street is located on the cusp of the Vinegar Hill & DUMBO neighborhoods in Brooklyn, NY The building was originally constructed as a factory in the early 1900s and was converted into a 7-story office & retail building in 2018. Tri State Commercial Realty took on this project in April 2022, which consists of 75,500 SF allocated over 7 floors, plus a lower level. Before taking it on, this was a fully-vacant office building that was represented by multiple other brokerages. Over the course of our brokerage agreement, Tri State Commercial has advised the landlord to get creative for the best use of the space and nearly filled the entire building. Frederick Betesh, Edward Keda, and Chandler Slate of Tri State Commercial Realty served as the landlord's representatives in this co-brokerage deal. For those interested in engaging in real estate leases, acquisitions, or sales transactions, Frederick Betesh can be contacted at [email protected] for further assistance.

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Deal Type
Effective Rent (Annual)

$779,376.42

Total Lease Value

$7,793,764.21

Net Landlord Cash Flow$779,376.42