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Jiansheng Liu Leases Retail Space In Brighton Beach, Brooklyn For 5 Years

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LEASED
$37

New York

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Retail940 SF
Leased
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Property Image
LEASED

Jiansheng Liu Leases Retail Space In Brighton Beach, Brooklyn For 5 Years

3049 Brighton 6th Street

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Retail940 SF
Leased
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$37
Total Square Footage:940 SF
Transaction Type:Lease

The property located at 3049 Brighton 6th Street in Brighton Beach, Brooklyn, was leased for a retail business. The asset consists of 940 square feet with an asking rent of $37 per square foot. The landlord, Leon Mikhlin, facilitated the lease agreement with tenant Jiansheng Liu.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 3049 Brighton 6th Street
  • Market: Brighton Beach, Brooklyn
  • Landlord: Leon Mikhlin
  • Tenant: Jiansheng Liu
  • Broker: Anthony Volman - Highcap Group
  • Lease Type: Modified Gross Lease
  • Lease Term: 5-year lease plus option with 3% annual increases

Anthony Volman of Highcap Group acted as the broker in this lease deal, representing the landlord, Leon Mikhlin, and ensuring a successful agreement between the parties involved. The lease was structured as a Modified Gross Lease, providing both the landlord and tenant with a clear understanding of their responsibilities throughout the 5-year term with annual rent increases.

Players

Anthony Volman
11 deals$5.1M volume
BROKER

Details

LEASED
IMAGE: Anthony Volman DATE: 05/01/2024 ADDRESS: 3049 Brighton 6th Street MARKET: Brighton Beach, Brooklyn ASSET TYPE: Retail LANDLORD: Leon Mikhlin TENANT: Jiansheng Liu BROKER: Anthony Volman - Highcap Group (@Highcap_Group) ASKING RENT: $37/ft ~ SF: 940 LEASE TYPE: Modified Gross Lease LEASE TERM: 5-year lease plus option with 3% annual increases

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Deal Type
Effective Rent (Annual)

$39,871.37

Total Lease Value

$398,713.72

Net Landlord Cash Flow$39,871.37