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

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.